Kenya Power Pension Fund (KPPF) is now considered the best of its kind in Africa after winning a prestigious award held in New York, USA.
The Fund topped a category titled African Pension Fund Initiative of the Year at the Africa Investor (AI) Capital Market & Index Series Awards.
KPPF knocked out other high quality African funds such as last year’s winner Natal Joint Municipal Pension Fund from South Africa, Government Employees Pension Fund also from South Africa currently ranked as Africa’s largest and National Social Security Fund from neighboring Uganda among others.
Henry Kyanda, KPPF CEO, while receiving the award in New York acknowledged how great that milestone was stating: “This award is emblematic of international recognition and validation of our processes, initiatives and general business practices.”
He added that the award reinforced the confidence of the institution in achieving a core mission of delivering quality and value of life in retirement and a vision of becoming the “best-in-class pension fund in Africa.”
The annual award is presented by Africa Investor which is a leading specialist communications firms advising Governments, International Organization and other large-scale businesses on direct and foreign investments in the continent.
The award has 20 categories won by several other respectable companies both from the public and private sectors across various African countries.
Ghana Stock Exchange won best won Most Innovative Stock Exchange while EFG Hermes won Best African Investment Bank.
Other well known brands that won included GT Bank, Innscor Africa, African Export-Import Bank (Afreximbank) among others.
KPPF is now valued at Ksh 34 billion with over 11,000 members and spread in different sectors including Government Securities, Real Estate and Private Equity.
The Fund is vast in Real Estate with ownership responsibilities of Stima Plaza that house KPLC and developed Runda Park and Bonga Park Estate in Karen among others.
