An Exploration of Investment Strategies within Zambia's National Pension Scheme Authority
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 05
Abstract
As a critical state-owned enterprise administering billions in retirement assets, NAPSA's investment governance has substantial fiscal and welfare implications for Zambia. Investment strategies in government institutions involve a systematic and comprehensive approach to managing public funds for various purposes, such as infrastructure development, pension fund assets, and bond proceeds. However, there has been little scholarly investigation into the real- world dynamics, drivers, and performance impacts of NAPSA's investment strategies, policy decisions over its recent history. This study aimed to bridge that knowledge gap through qualitative analysis of NAPSA's investment strategy formulation, risk management approaches, implementation processes, and financial results over the past two decades. The primary instruments for data collection in this study were semi-structured interviews and focus groups, both conducted remotely via Microsoft Teams. The data analysis for this study was undertaken using thematic analysis. This approach was instrumental in interpreting the data collected from the interviews and focus groups. Furthermore, qualitative documents like reports provided corroborating context. Together these primary data resources facilitated nuanced analysis around the multi-layered drivers and impacts influencing NAPSA’s investment governance – aligning techniques tightly with exploratory research goals seeking elucidations to inform potential policy enhancements. The findings revealed that NAPSA maintained a diversified investment portfolio across various asset classes. Formalization of developmental impact assessment measures and the strengthening of specialized analytical competencies are amongst the recommendations. These steps are important for NAPSA to continue effectively managing its substantial assets in a manner that supports both the welfare of its pensioners and the broader economic interests of Zambia
Authors and Affiliations
Mutende Siyumbano , Benjamin Kaira,
Keywords
Related Articles
- EP ID EP735087
- DOI 10.47191/jefms/v7-i5-16
- Views 25
- Downloads 0
Analysis of the Effects of Environmental Entrepreneurship on Sustainable Development among Small and Medium Enterprises in Lusaka’s Central Business District (CBD)
Currently, there is a pressing need for entrepreneurs to adopt environmentally friendly strategies, technologies, and products that will result into sustainable solutions to problems of the day. This study was adopted to...
Foreign Dependency and Economic Growth Nexus in Kenya
Foreign dependency is an economic phenomenon, which is characterized by asymmetrical benefits, favouring specific countries at the expense of others, and impeding the growth potential of dependent economies. The main obj...
Analysis of Business Strategy "UMK Sokasi" in Kayubihi Village, Bangli District
Micro, Small and Medium Enterprises need to receive serious attention, especially Micro and Small Enterprises (MSEs) to become businesses that are more efficient and able to develop independently, increasing people's inc...
Understanding of Financing Products and Their Effects on Customers Interests And Decisions: Study on Islamic Bank in Gorontalo City
The phenomenon of increasing customer understanding and interest in using the services of Islamic banking institutions indicates that the level of Muslims awareness in using Sharia-based financing products is quite high....
Effects of Information Communication Technology Adoption on Financial Perfomance of Depost Taking Saccos in Eldoret Town
Kenya Vision 2030 recognises the critical role of information and communication technology (ICT) as an amplifier for innovation, growth, and competitiveness in all organisations, which ultimately contributes to better ec...