Affordable Housing Initiative

The Association of Pension Trustees and Administrators of Kenya (APTAK) jointly with the Fund Managers Association (FMA), Association of Retirement Benefits Schemes (ARBS), Association of Custodians and The Actuarial Society of Kenya (TASK) on 13th October 2022, held consultations with H.E The President of the Republic of Kenya aimed at improving the pension industry while supporting the Government in achieving its mandate to Kenyans. Following the consultative meeting, the Structuring PPPs Team working committee was constituted on a voluntary basis, with a mandate to develop a private sector driven initiative to finance affordable housing and infrastructure. The team drew representation from the Ministry of Investments, Trade and Industry, trustees, investment bankers, capital markets, industry regulators and legal counsels all of whom were co-opted as either experts or observers to achieve the objective.