PS Odede Urges PSSF to take lead in national development

The Principal Secretary for Public Investments and Asset Management, Mr. Cyrell Wagunda Odede, has called on the Public Service Superannuation Fund (PSSF) to take a leading role in supporting Kenya’s development agenda through strategic investments.

Speaking during a meeting with the Board of Trustees of the Fund, Mr. Odede emphasized the critical role pension funds can play in transforming the country’s economy beyond retirement payouts.

“Pensions are not just about life after work — they are powerful engines for long-term national development,” said the PS. “The Government is keen to work with PSSF to invest in areas like infrastructure, affordable housing, renewable energy, and digital transformation.”

Mr. Odede said that through vehicles like Public-Private Partnerships (PPPs), Kenya could tap into the growing pool of long-term pension savings to fund key sectors, reduce reliance on expensive commercial borrowing, and unlock new opportunities for inclusive growth.

He further assured the Board of the Government’s continued support in creating a stable and secure investment environment for pension funds, including reforms aimed at improving the efficiency of public investments.

The PS praised PSSF for its progress and growth, describing it as one of the most important institutional investors in the country. He also commended the Fund for safeguarding the retirement savings of public servants.

PSSF Board Chairman, Amb. Hussein Dado, welcomed the PS and thanked the National Treasury for its ongoing support. He said the Fund, which now has over 505,000 active members and manages more than KSh 240 billion in assets, is committed to prudent investment guided by sound governance and risk management.

“We are ready to support the country’s development priorities,” said Amb. Dado. “But we must ensure that every investment meets the required tests of merit, risk evaluation, and policy alignment.”