Pension-backed housing only days away

Housing PS Charles Hinga (centre, Centum Real Estate Managing Director Samuel Kariuki (right) and President's Technical Assistant Mutahi Ngunyi during the groundbreaking of an affordable housing project at Mwiki, Nairobi. [Standard]

Kenyans will in the course of October be able to withdraw up to 40 per cent of the money they have contributed to pension schemes to buy homes.

This follows a change in the law, which now allows partial withdrawal of the pension savings. Previously, one could only access pension funds on retirement or some of it after leaving employment.