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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment

NSSF wants freehand to invest

Posted on 05 October 2009

From Nation.co.ke: The National Social Security Fund wants to be given a freehand to invest funds without any restrictions, and has petitioned Finance minister, Uhuru Kenyatta, to review a plan to limit its investment options to government securities and infrastructure bonds.
In his Budget speech in June, Mr Kenyatta had proposed that schemes that receive statutory contributions invest only in government securities and infrastructure bonds, adding that it would be done through enactment of the Finance Bill 2010, which would come into force in January 2010………………Full Article: Source


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