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.
To read this article, you must be a paid subscription member. (Current members login here
Reserve your digital subscription today
Join now for $35 per month
Join now for $395 per year
for access to:
- Weekly newsletter with original and curated news, analysis and perspective
- Africa’s private capital deals, fund raises and the investment firms and executives involved
- Portfolio company news that impacts value and stakeholder participation
- Job moves and partnerships between leading market participants
- Exclusive access to Africa Capital Digest’s full content archive
If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at]africacapitaldigest.com today.