Nairobi, Aug. 11 -- Pension fund returns fell to 18.2 percent in the 12-months to June 2026 from 29.4 percent a year earlier as performance of fixed income securities dipped on lower interest rates and flat bond prices.

Funds administrator Zamara says the average return from fixed income assets eased to 12 percent from 27.3 percent in the 12-months to June 2025, resulting in the lower overall gains despite returns from equities improving to 61.2 percent from 50.3 percent.

The lower returns from bonds reflected both the decline in interest rates on new issuances, and a slower growth in prices of existing bonds in the secondary market, which had seen rapid appreciation in 2024 and 2025.

Rate cuts by the Central Bank of Kenya from August ...