The Principal Secretary for Public Investments and Assets Management, Mr. Cyrell Wagunda, held a consultative meeting with the Board of Trustees of the Kenya Broadcasting Corporation (KBC) Pension Scheme, led by Chairperson Mr. Martin King’asia, as part of ongoing efforts to strengthen governance and performance of Government-Owned Enterprises (GOEs).

The Trustees provided an overview of the Scheme’s mandate, operational status, key achievements, and existing challenges.

Established in 1991, the Scheme is mandated to provide sustainable and reliable pension benefits to retired KBC staff, thereby contributing to their financial security and welfare.

The engagement aligns with the core mandate of the State Department for Public Investments and Assets Management, which includes oversight of Government investments, stewardship of public assets, and enhancement of governance, accountability, and financial sustainability across public enterprises.

In this regard, pension schemes linked to State Corporations form a critical component of the broader public asset framework, with direct implications on fiscal risk management and social protection obligations.

The Principal Secretary reaffirmed the Government’s commitment to supporting institutional reforms and interventions necessary to address legacy and operational challenges affecting the Scheme.

He emphasized the need for strengthened governance structures, improved financial management, and timely settlement of pension obligations to safeguard beneficiaries’ interests.

This meeting is part of a broader series of engagements with KBC leadership aimed at revitalizing the Corporation following its transition into a Government-Owned Enterprise under the Government-Owned Enterprises Act, 2025, and ensuring optimal management of associated public assets and liabilities.