The Central Bank of Kenya (CBK) recently released the 2021 Financial Stability Report which discusses developments and risks in Kenya’s economy and financial sector in the post-Covid–19 pandemic recovery phase, and details how the financial sector has remained resilient. The report outlines some of the
The Public Service Superannuation Scheme Act, 2012, was assented to on 9th May 2012. The Act established the contributory Public Service Superannuation Scheme (PSSS) to provide retirement benefits to public servants. The law requires that the Cabinet Secretary appoints and gazettes the commencement date of the scheme. Despite numerous challenges that has occasioned the delay, the Cabinet Secretary gazetted the 1st January, 2021 as the commencement date of the Act.