Property rich, but cash poor pension funds

Telposta Towers, Nairobi, which is owned by Telposta Pension Scheme. [Wilberforce Okwiri, Standard]

“Selling property is not like hawking groundnuts on the streets.”

These words by Telposta Pension Scheme Chief Executive Peter Rotich convey the hard task before him, as the scheme starts the process of reducing its 75 per cent investment in real estate to below 30 per cent in the next three years.