Pension funds recorded the biggest growth in lending to government among the major investor groupings in 2021, helped by the Treasury’s consistent issuance of long-term bonds which favour their investment preferences.
Central Bank of Kenya (CBK) data shows that the pension funds grew their holdings of government debt by Sh207 billion to Sh1.26 trillion between January 1 and December 17, ahead of banks whose holdings went up by Sh177.6 billion to Sh2.04 trillion.
