Kenya’s pension industry continues to post steady growth, with total assets reaching Sh2.8 trillion as at December 2025, according to the Retirement Benefits Authority (RBA) report released in February 2026.
The sector’s pension-to-GDP ratio stands at 15.03 per cent, reflecting the growing role of retirement savings in the country’s economy.
Pension coverage has also expanded, with 26.5 per cent of the working-age population now enrolled in retirement benefit schemes.
Total membership hit 7.53 million, comprising both active and dormant members, signalling increased uptake of pension products across formal and informal sectors.
The industry recorded a year-on-year growth of 21.35 per cent between December 2023 and December 2024, underlining strong asset accumulation and improved investment performance.
Over the last decade, the sector has maintained an average annual growth rate of 17.2 per cent.
The latest figures point to sustained expansion of Kenya’s retirement benefits industry, driven by regulatory reforms, product innovation and rising awareness on long-term savings.
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