Kalahari Cement has purchased a 27 percent shareholding in East African Portland Cement (EAPC) from the National Social Security Fund (NSSF). The Sh1.6 billion Share Purchase Agreement, signed yesterday, covers the acquisition of 24.3 million ordinary shares at Sh66 each, pending regulatory approvals. While the deal gives Kalahari Cement significant …
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The Commission on Administrative Justice (Office of the Ombudsman) has instructed the National Social Security Fund (NSSF) to publish its financial statements and annual reports as required by law. In a letter addressed to the NSSF CEO, Dorothy Jemator, the Access to Information Commissioner at the Ombudsman’s office, gave the …
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Kenya’s pension sector has experienced significant growth, with total assets under management reaching Ksh2.21 trillion by December 2024. This marks a 27.94% increase from 2023, representing the largest rise since 2019. In 2019, pension assets were valued at Ksh1.3 trillion, growing to Ksh1.4 trillion in 2020 and Ksh1.55 trillion in …
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The Lower Eastern Times Opening The Third Eye