OUR LATEST REPORTS & insights
ACTSERV surveys and commentaries provide both an analysis and indepth coverage of the market space in the country.
Our latest thinking on the issues that matter most in business and management.
Foreign Exchange Reserves. The CBK’s usable foreign exchange reserves remained adequate at USD 7,605 million (4.67 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.
Performance review for the fourth quarter of 2020. For the current quarter, the average return achieved by the 417 pension schemes with total fund value of about Kshs. 841 Billion participating in the survey was 3.0% compared to 2.5% in the previous quarter. This is an improvement despite the negative impact of the Covid-19 pandemic on the performance of the schemes.
LONG-TERM INSURANCE INDUSTRY
Long term insurance industry has recorded steady growth in premiums at an average rate of 11.9% p.a over the last 5 years with pensions and life assurance being the largest classes in terms of the volume of business written.
During the month, the CBK’s usable foreign reserves declined by 1.12% to stand at USD 7.66 billion(4.71 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.