NAIROBI– The Kenya Power Pension Fund (KPPF) has been named the best fund in Africa at the recent Africa Investor Capital Market & Index Series Awards in New York.
The fund, operated by Kenya’s national power utility, was winner of the African Pension Fund Initiative of the Year category, edging out a quality field of several funds which included the 2017 winner, the Natal Joint Municipal Pension Fund from South Africa, the Government Employees Pension Fund of South Africa, which is Africa’s largest pension fund, Social Security and National Insurance Trust (Ghana), and National Social Security Fund (Uganda).
In accepting the award, KPPF CEO and Trust Secretary Henry Kyanda said: This win is a major milestone for the Fund. This award is emblematic of international recognition and validation of our processes, initiatives and general business practices.”
The win, added Kyanda, accords the fund an enhanced confidence and drive as it endeavours to achieve its mission of delivering value and quality of life in retirement for the Fund members and pursuing its vision to be the best-in-class pension fund in Africa.
The Africa Investor is a leading international investment and specialist communications firm, advising governments, international organizations and businesses on private sector investments and foreign direct investment in Africa.
Source: NAM NEWS NETWORK