DC Fund Performance

The scheme continues to reap benefits of diversification and the overall rate of return has gradually risen from -1.7% in June 2022 to 6.3% as at March 2024.

The marginal increase in performance is attributed to the positive valuations recorded in the Treasury Bonds & Equities markets. The fund value increased from Kshs 13.55 billion in June 2022 to Kshs 14.093 billion as at June 2023.

On economic outlook, the economy is expected to grow at a slower pace in 2023 supported by the continued recovery of the manufacturing and services sectors.

The agricultural sector is expected to catalyze the growth owing to favourable weather conditions. The negative effects from the Russia-Ukraine war and continues to present downside risks to economic growth.