NAIROBI, Kenya — The Principal Secretary for Public Investments and Assets Management, Cyrell Wagunda, has held talks with trustees of the Kenya Broadcasting Corporation Pension Scheme as the government moves to strengthen governance and financial sustainability of state-linked pension funds.
The meeting, held at the National Treasury Building on Friday, brought together officials from the State Department and the pension scheme’s leadership, led by chairperson Martin King’asia.
According to a statement from the State Department for Public Investments and Assets Management, the trustees briefed the PS on the scheme’s mandate, operations, achievements, and ongoing challenges.
Established in 1991, the pension scheme is tasked with providing retirement benefits to staff of the Kenya Broadcasting Corporation, playing a key role in social protection and financial security for former employees.
Wagunda said the engagement forms part of broader government efforts to enhance oversight of Government-Owned Enterprises (GOEs), including pension schemes linked to state corporations.
“Pension schemes are a critical component of the public asset framework, with direct implications on fiscal risk management and social protection obligations,” he noted.
The PS reaffirmed the government’s commitment to supporting reforms aimed at addressing legacy issues and operational inefficiencies affecting the scheme.
He called for strengthened governance structures, improved financial management, and timely settlement of pension obligations to protect beneficiaries.
The meeting comes amid ongoing restructuring of state corporations following the enactment of the Government-Owned Enterprises Act, 2025, which seeks to enhance accountability and performance across public entities.
Under the new framework, KBC has transitioned into a Government-Owned Enterprise, placing renewed focus on the management of its assets and liabilities, including pension obligations.
