Safaricom’s pension fund to increase private equity allocation

At their Annual General Meeting last week, Safaricom’s Pension Scheme members heard their Chairman, Joseph Ogutu, indicate that the scheme was looking to boost returns further by allocating more of its KShs 10.7 billion ($106 million) asset pool to private equity and other alternative investments.

Over the last year, the scheme’s non-real estate investments posted a net return of 14.1%. Once added, the scheme’s property portfolio increased the overall return to 22.3%, handily beating the benchmark returns for similarly sized schemes by some 4%. The net value of its assets grew by almost 26% over the same period.

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