H.E Governor Alex Tolgos held talks with County Pension Fund (CPF) CEO Hosea Kili to explore mutual avenues of collaboration.
The two, together with Senior CPF and County officials, discussed investment options that CPF could initiate through annuity schemes.
They include the building of a modern County Headquarters, Governor and Speaker residences as well as County Staff houses in support of HE President Uhuru Kenyatta legacy of affordable housing under the big four agenda.
These infrastructural projects could be undertaken by CPF on land provided by the County and paid off in an annuity scheme.
“This will enable us achieve these projects within a short time while funding them in a flexible manner that will not strain our County budget at one go,” said Tolgos.
The Governor and CEO also explored the possibility of CPF offering professional advise to the County on its journey of credit rating to enable it get additional funds for development through floating of bonds.
The talks, held at CPF Headquarters in Nairobi, also centered on the upcoming Ugatuzi Tower being built by CPF to house all devolved units in the Capital at a subsidized tenant purchase scheme.
The Governor, who was accompanied by Finance CEC Isaac Kamar, expressed the County’s interest in securing space at the Tower to aid in liasion services with national government functions and development partners in Nairobi.
Further, the two discussed the possibility of enlisting all County staff to one pension fund for ease of administration while bringing on board those who were yet to join a pension fund.
The Governor also raised his initial plan to have a benevolent fund for staff and the CPF CEO offered his organization’s willingness to manage the fund.