The Chief Executive Officer of the College of Insurance in Kenya, Ben Kajwang, says Malawi has the potential to transform its infrastructural development fortunes, provided it properly utilises its growing pension funds.
Kajwang made the sentiments in Blantyre during the launch of a training programme for Pension Fund Trustees in the country by the Reserve Bank of Malawi (RBM).
He said Malawi should learn from Kenya, which has registered significant infrastructural development over the past five years stemming from improvements in fund management and informed investment decisions by the trustees.
Kajwang and his team, together with the Reserve Bank, have embarked on training local trustees, with 31 benefiting in the first cohort.
According to the RBM, as of June this year, Malawi’s pension funds have accumulated to K2.8 trillion.
