Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Kenya’s National Pension Fund Plans 30,000 Units Housing Project

Don't Miss Out —
Follow us on:

March 21 (Bloomberg) -- Kenya’s National Social Security Fund, the country’s biggest investor in the Nairobi Securities Exchange, said it’s planning a real-estate venture to build as many as 30,000 residential units near the capital, Nairobi.

“We would like to partner through a joint venture with international bodies, who are willing to invest in Kenya,” Tom Odongo, acting head of the state-run company, told reporters today in the city.

NSSF, as the company is known, is currently evaluating bids from an international tender and further details will be announced when that process is completed, Odongo said. Previously the NSSF, which has 110 billion shillings ($1.32 billion), or about 30 percent of its total portfolio, invested in property, has built 5,000 housing units.

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net