PIA Reports Net Assets Growth to K26.88…

ThePensions and Insurance Authority(PIA) has reported significant growth in net assets, rising from K5.66 billion in December 2015 to K26.88 billion in December 2025. PIA Registrar and Chief Executive OfficerNamakau Ntinisaid the growth reflects the sector’s resilience and its contribution to Zambia’s economic development. Ntini explained that pension assets are being invested in a well-diversified portfolio both locally and internationally, helping to support employment creation and broader economic stability.

She added that the performance highlights the sector’s continued capacity to enhance financial inclusion across the country. Ntini made the remarks during the unveiling ofAflife Holdingsbrand identity in Lusaka. Speaking at the same event, Finance and National Planning MinisterSitumbeko Musokotwane, in a speech read on his behalf by Director of Economic Management and FinanceAkapelwa Imwiko, urged the financial sector to innovate products and services that improve access for marginalized communities. Meanwhile,Muna Hantuba, Group Chief Executive Officer of Aflife Holdings, said the company’s strategy aligns with government priorities, particularly in domestic resource mobilisation, financial sector development and private sector-led growth.