INVESTMENT MANAGEMENT POLICY

Section 5 (d) of the Zanzibar Social Security Fund Act Number 2 of 2005 prescribes one of the core functions of ZSSF as being “To invest the moneys collected in any viable ventures as Board may consider appropriate”. In order to carry out this function, the Fund developed a comprehensive Investment Policy as the guideline for undertaking its various investments.

The overriding investment objective of Zanzibar Social Security Fund is to achieve a funding level position of 100 percent whilst minimizing the level and volatility of contributions. The investment strategy of Zanzibar Social Security Fund is structured with clear reference to this overriding investment objective.

Zanzibar Social Security Fund aims to collect and generate funds that shall be sufficient to meet all benefit obligations of Zanzibar Social Security Fund on a continuing basis.