NAPSA’s investment portfolio grows to K113.5 billion but faces K30 billion in unpaid contributions

By Caesar Sindele 

National Pension Scheme Authority (NAPSA) Director General, Muyangwa Muyangwa,
has announced a major growth in the Scheme’s investment portfolio, reaching K113.5 billion in 2025, exceeding its target of K95 billion.

Speaking during a media engagement at Lusaka’s Neelkanth Sarovar Premiere hotel on Wednesday  March 5, 2026, Mr. Muyangwa said this marks a notable increase from K95 billion in 2024, positioning the institution to meet its 2026 target of K133 billion.

Mr. Muyangwa attributed the growth to a robust investment approach aiming for an average annual return of above 12 percent for the 2022-2026 strategic period.

Muyangwa disclosed that contribution income also surpassed expectations with K10.4 billion collected against a target of K10 billion.

Muyangwa, however, said  NAPSA faces a challenge with K30 billion in outstanding employer contributions, accumulating penalties of K1.5 billion.

Muyangwa  encouraged employees to engage their employers to ensure NAPSA obligations are met and urged employers to utilize penalty waivers to settle outstanding balances.

Muyangwa said in terms of payouts, 32,422 pensioners and beneficiaries received K1.06 billion in monthly pensions while K643 million was paid as pre-retirement lump sums to 38,560 active members.

He said retirement, survivor and invalidity benefits accounted for K995 million in payments.

Looking ahead, Mr. Muyangwa said NAPSA aims to grow its net assets to K133 billion in 2026, increase contributions to K12.5 billion, achieve investment returns above 14 percent and maintain administrative costs within 13.5 percent of total contributions.

About The Author

lanzi

See author's posts