By Njeri Irungu,
17 March 2026,
Nairobi, Kenya.
Nairobi, Kenya, March 17, 2026 — The TelPosta Pension Scheme has unveiled a new brand identity while outlining an ambitious plan to dispose of billions of shillings worth of property assets, in a strategic shift aimed at improving liquidity and enhancing pension payouts for its members.
Speaking during a member education forum, the scheme’s Administrator and Trust Secretary, Peter Rotich, said the rebrand marks a new chapter focused on transparency, member engagement, and financial sustainability.
Rotich traced the scheme’s journey from its establishment in 1999, highlighting challenges that saw it close in 2007 while significantly underfunded at 37 percent. He noted that a government bailout of KSh8 billion in 2008 helped stabilise the fund, which has since grown to nearly KSh15 billion.
“Today is about educating our members on where we have come from and where we are going. We want to ensure they understand the decisions being made and actively engage with the board,” Rotich said.
A key part of the transformation involves exiting the scheme’s heavy reliance on property investments, which currently account for about 83 percent of its asset base—far above the regulatory limit of 30 percent. According to Rotich, the overexposure to property has limited liquidity and returns, with some assets generating as little as two percent annually.
The scheme now plans to gradually divest from its property portfolio over the next one to two years, following approval from the National Treasury granted on December 16, 2024. The disposal process, which is subject to strict conditions including valuation, transparency, and preference for government buyers, has already begun.
“We have advertised the first tranche of properties and recently released a second tranche to the market. The response has been very positive,” Rotich said, adding that the process will continue in phases.
Among the properties earmarked for disposal are Bombolulu, Makasembo, Agakhan, GTI, and other assets across the country. The scheme expects to raise billions of shillings from the sales, with projections indicating potential inflows of over KSh10 billion.
The proceeds will be reinvested in more liquid and diversified asset classes, including government securities, equities, and infrastructure funds, in a move aimed at improving returns and ensuring steady cash flow for pension payments.
“This is about moving from being asset-rich but cash-poor to a position where we can meet our obligations more efficiently,” Rotich explained.
TelPosta Pension Scheme Chairperson Julius Cheptiony said the shift is critical in addressing the needs of an ageing membership, with the average member now aged 70.
“We currently pay close to KSh1 billion annually to pensioners, but much of our wealth is tied up in property. Liquidity is what matters most to our members,” Cheptiony said.
He added that nearly 3,000 pensioners currently receive less than KSh10,000 per month, a figure the scheme hopes to increase once the asset reallocation is complete.
“With improved liquidity, we aim to uplift these members and give them more dignified pensions,” he said.
While no specific figures have been announced regarding the expected increase in benefits, actuarial assessments are underway to determine sustainable adjustments once the property disposals are completed.
The scheme’s leadership emphasised that the rebranding reflects a broader shift towards a member-centric approach, with increased communication and engagement through regional forums running until April first.
“This is a new way of doing things. We are prioritising our members, listening to them, and ensuring that every decision we make is in their best interest,” Rotich said.
The transition is expected to position the scheme for stronger financial performance while safeguarding the long-term welfare of its members.
