Enwealth Umbrella Fund posts 18pc return as assets hit Sh1.2bn
NAIROBI, Kenya, Aug 31 – Members of the Enwealth Umbrella Fund earned a net return of 18.05 per cent in 2025, as the retirement scheme increased its assets and membership,…
In 2025, the Enwealth Umbrella Fund delivered a notable 18.05% return on investment, accompanied by a 12% increase in net assets, bringing the total to Sh1.185 billion. The growth was fueled by a surge in contributions, which climbed to Sh205.3 million, marking a remarkable expansion of the fund's assets and membership. The fund's membership rose by 28% to 1,762 in 2025 from 1,374 in 2024, with small and medium-sized enterprises (MSMEs) playing a significant role in the increase.
Contributions through the NSSF Tier II opt-out surged to Sh30.62 million in 2025, accounting for about 15% of the total contributions. This growth trend is expected to continue in 2026, with the fund's outlook remaining optimistic despite a mixed economic environment. Global factors such as Middle East conflict-induced oil price fluctuations, inflation, trade risks, and the impact of El Niño on agricultural output and food prices, alongside a relatively stable shilling against the US dollar, present challenges that Enwealth's fund managers are prepared to navigate using diversification and risk management strategies.
Furthermore, the fund has bolstered its digital infrastructure, facilitating online onboarding for MSMEs participating in the NSSF Tier II opt-out program. This platform encompasses gratuity, Additional Voluntary Contributions (AVCs), and Post-Retirement Medical Fund (PRMF) options, providing members with comprehensive benefits management tools accessible via an online portal.
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