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Pension fund to invest Sh3.5b in Kisumu estate upgrade


THE STANDARD
HOME & AWAY
A house within the Makasembo Estate in Kisumu County (PHOTO: Collins Oduor)
Makasembo Estate in Kisumu is set for demolition and construction of new houses at a cost of Sh3.5 billion.
The project will be funded by the county government workers’ pension scheme, the Local Authorities Provident Fund (LapFund).
In a move aimed at improving the city’s aesthetic value, the fund and the county government have agreed to pull down more than 120 houses at the estate.
The process started on Tuesday, with the demolition of structures in parts of the lakeside city’s estates and payments of a ‘token’ in the new resettlement plan to allow tenants to seek alternative residences. ....

David Koross , Collins Oduor , Authorities Provident Fund Lapfund , Makasembo Estate , Kisumu County , Local Authorities Provident Fund , Fund Chief Executive David Koross , உள்ளூர் அதிகாரிகள் வருங்கால நிதி ,