By JUDITH NAMUTOWE –
THE National Pensions Authority Scheme (NAPSA)’s portfolio has grown to over K13 billion as at December, 2015.
NAPSA acting director – investment, Dorothy Soko said NAPSA’s portfolio grew to K13.5 billion as at December 31, from K11.5 billion in 2014.
Ms Soko said this in an interview at the 90th Zambia Agricultural and Commercial Show (ZACS), which was held under the theme ‘Managing Environment for Growth’ in Lusaka.
She attributed the growth to interest income, rental income, as well as fresh contributions that were collected.
“In terms of growth, as at December 31, 2015, NAPSA’s investment portfolio stood at approximately K13.5 billion. This is compared to K11.5 billion which was recorded over the same period in 2014.
“So you can see that the growth is actually high because we have high yielding securities and assets in our portfolio,” Ms Soko said.
NAPSA investment comprised Government bonds and securities, treasury bills, real estate, company shares and corporate bonds.
The figures indicate that NAPSA invested K6.4 billion in Government bonds, K1.8 billion in terms of shares, while K2.7 billion was invested in fixed-term deposits.
Real estate accounted for K2.5 billion, while K43.8 million was invested in corporate bonds.
