Treasury moots plan to tap pension assets for mega projects

National Treasury CS John Mbadi before the Public Debt and Privatization Committee at Continental House, Nairobi. on November 28, 2024. [Elvis Ogina, Standard]

National Treasury Cabinet Secretary John Mbadi has directed the formation of a team of experts to explore the possibility of the government using pension funds to invest in capital-intensive infrastructure projects.

Speaking at the third Annual Meeting for the Public Service Superannuation Fund (PSSF) in Nairobi yesterday, Mr Mbandi said the team would provide a pathway from reliance on external investors and debt in financing the national budget.