Pension schemes divest from property portfolios, eye investment in questionable Infrastructure Fund
TPS Administrator and Trust Secretary Peter Rotich said during a members’ education forum in Mombasa that the scheme had received approval from National Treasury to dispose of the properties following declining returns.
Finance experts hail decision to liquidate Kenya Railways’ $123 million assets
The plan by the Ruto administration, it is feared, is a discreet plot to acquire state-owned assets a throw-away price. A similar scheme was witnessed during the aborted discharge of Kenya Airports Authority (KAA) land to Indian investor, Adani Group. During the controversy, civil servants in the governments and president Ruto political allies were called out, forcing the government hastily
