NSSF records historic performance as assets surge past Ksh.575 billion

The Fund reported a sharp rise in inflows, with member contributions climbing by about 35 per cent to Ksh.84 billion. Its asset base also expanded significantly, reaching roughly Ksh.575 billion, a jump of more than 40 per cent year on year.

Returns from investments surged, with gross earnings estimated at around 22 per cent, while administrative expenses were kept low at about 1.47 per cent, staying within the legal threshold.

During the Fund’s eighth Annual General Meeting, Prime Cabinet Secretary Musalia Mudavadi praised the institution for channeling workers’ savings into ventures aimed at boosting retirement security and supporting key sectors such as housing and infrastructure through commercially driven decisions.

Mudavadi formally confirmed the 17 per cent interest award, describing it as the strongest performance the Fund has posted so far and expressing optimism for even better results in the coming year.

Board Chair David Kariuki Njeru linked the performance to the implementation of the organisation’s strategic plan, which prioritises customer experience, long-term financial health, efficiency and institutional stability.

He said the Fund is steadily progressing toward a Ksh.1 trillion asset target, anchored on sound governance practices.

Managing Trustee David Koross pointed to gains in service delivery, citing digital systems that have shortened benefit processing timelines to about 10 days from nearly three months previously. He also noted the Fund received a clean audit opinion, underscoring adherence to accountability standards.

NSSF now has about 3.6 million active contributors and works with over 77,000 employers, with increased enrolment from both the public sector and informal workers, including through the Haba Haba savings initiative.

Leaders at the meeting underscored the broader economic role of the Fund, saying members’ savings not only secure individual futures but also form part of a national capital pool that finances employment, housing and development projects.

The gathering, held under the theme “Our Savings, Our Shared Prosperity,” focused on widening coverage, deepening the savings culture and ensuring that growth in the Fund translates into tangible benefits for members and the wider economy.