KenGen Staff Retirement Benefit Scheme has disposed of two commercial properties for Sh1.9 billion as the pension fund shifts its investment strategy towards more liquid assets to strengthen cash flow and support future benefit payments.
The properties, Pension Plaza One and Pension Plaza Two in Nairobi’s Parklands area, were sold during the 2025 financial year, with the proceeds earmarked for new investment portfolios offering higher liquidity as well as income-generating assets.
According to the Scheme’s latest annual report, the funds have already been reinvested into fixed-income and money market instruments.
“During the year, proceeds from the Pension Plaza divestiture were successfully redeployed into higher-yielding fixed income and money market investments, improving portfolio liquidity and income generation,” the report states.
The report shows the pension fund’s total assets stood at Sh10.041 billion, supported by gross income of Sh865 million and a net investment return of Sh1.46 billion during the year.
The Scheme also paid Sh937 million in retirement benefits to pensioners and beneficiaries while continuing to invest in member education through pre-retirement seminars and financial literacy programmes.
“During the year, the Scheme paid KES 937 million in benefits to retirees and beneficiaries while continuing to enhance member engagement through education forums, pre-retirement seminars and financial literacy programmes conducted across Sponsor stations,” the report says.
It added that participation in the Scheme’s activities continued to improve as more members engaged with its education and awareness programmes.
“Member participation in Scheme activities continued to improve, reflecting growing awareness and confidence in the services offered by the Scheme,” the report added.
