National Social Security Fund News
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National Bank of Kenya Ltd. will raise as much as 10 billion shillings ($119 million) in a rights offer to fund an expansion plan as it seeks to quadruple revenue by 2017, Managing Director Munir Sheikh Ahmed said.
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Kenya’s National Social Security Fund , the state-run pension company, said its assets retreated 9.2 percent in the year through June 2009 as the value of stocks declined.
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Tanzania’s state-run National Social Security Fund expects its assets to grow 11.8 percent in the financial year through June 2012, on increased contributions from members.
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Tanzania’s National Social Security Fund said its assets will expand 29 percent in the 12 months through June 2013 as investments surge.
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Uganda’s National Social Security Fund almost erased a year-earlier loss in the 12 months through March after boosting its investment in securities.
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Kenyan stocks, sub-Saharan Africa’s worst performers this year, may rise in the second half as a drought eases and the nation meets constitutional deadlines, according to the National Social Security Fund, the biggest domestic investor.
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Kenyan stocks, sub-Saharan Africa’s worst performers this year, may rise in the second half as a drought eases and the nation meets constitutional deadlines, according to the National Social Security Fund, the biggest domestic investor.
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The National Social Security Fund, Kenya’s state-run pension company, will sell its 14 percent stake in Lafarge SA’s Kenyan unit, Bamburi Cement Co., Nairobi- based Business Daily said today.
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Kenya’s National Social Security Fund, the state-run pension company, said assets grew 12 percent in the year through June 2011 as the value of its investments climbed.
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Tanzania’s state-run National Social Security Fund may invest in a 200-megawatt power plant in the region of Mkuranga, to the south of Dar es Salaam, the commercial capital.
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