NSSF has reported its strongest performance to date, following the 8th Annual General Meeting (AGM) held in Nairobi on 6th February 2026, where a record 17% return was declared on members’ savings for the 2024/2025 financial year. This represents a significant increase from the 11% interest credited in the previous year and marks the highest return in the history of the Fund. The announcement underscores NSSF’s ongoing transformation into a high‑performing, member‑focused social security institution.
Despite a challenging economic environment, the Fund delivered robust growth across key indicators during the year under review. Member contributions rose by about 35% to KES 84 billion, reflecting stronger compliance under the revised contribution framework and growing confidence in the Fund. Total assets expanded to approximately KES 575 billion, a year‑on‑year increase of more than 43%, supported by higher inflows and strong investment performance. Investment income more than doubled, delivering an estimated 22 percent gross return, while operating costs were contained at around 1.47 percent, within statutory limits.
Speaking as chief guest at the AGM, Prime Cabinet Secretary and Cabinet Secretary for Foreign Affairs and Diaspora Affairs, Hon. Musalia Mudavadi, commended NSSF for deploying members’ savings into commercially viable investments that support both retirement security and national development. He lauded the Fund’s focus on housing, infrastructure and other productive sectors, noting that decisions were guided by commercial, not political, considerations. Hon. Mudavadi formally declared the 17% interest rate, describing it as a historic milestone and expressing optimism that continued discipline and good governance would sustain strong returns in future years.
NSSF Board Chairman, Hon. David Kariuki Njeru, attributed the record results to disciplined execution of the Fund’s Corporate Strategic Plan, which prioritizes customer experience, financial sustainability, operational efficiency and organizational resilience. He reiterated that NSSF remains firmly anchored on good governance and accountability as it advances towards becoming a trillion‑shilling fund in the medium term. Managing Trustee, Mr. David Koross, highlighted service delivery improvements driven by digitization, including reducing the average benefit processing time from 89 days to about 10 days, as well as securing an unqualified audit opinion that reaffirmed transparency and sound financial management.
The AGM was held under the theme “Our Savings, Our Shared Prosperity”, reflecting NSSF’s dual role in securing members’ futures and supporting the country’s development agenda. The Fund now serves about 3.6 million active members and more than 77,000 employers, with rising participation from public servants and informal sector workers through programmes such as Haba Haba. Speakers emphasized that every shilling saved with NSSF is both a seed of future security for individual members and part of a national savings pool that finances jobs, housing and infrastructure across Kenya, ensuring that the benefits of fund growth are felt by members and communities alike.
