In the first quarter of 2019, the DC Fund recorded a performance of 5.4% up from -0.02% reported in the fourth quarter of 2018. The growth in performance was mainly attributed by the stock market bounce back in the period under review. At the end of the quarter, the assets under management were Kshs. 14.79 billion up from Kshs.14.20 billion.
Kenya’s economy is projected to grow by 6.3% in 2019, supported by the key pillars of the Big Four Agenda according to the Central Bank of Kenya. The future direction of the currency and inflation remain key risks to this outlook. Yields on Government Securities may edge up albeit slightly with most of the movement expected to happen towards the end of the fiscal year.