CBK Pension Towers, located in the Nairobi Central Business District, was officially opened by President Uhuru Kenyatta this Thursday.
The KSh 2.49 billion 27-storey skyscraper, located along Nairobi’s Harambee Avenue, has six basement levels and space for a Kenya currency museum, offices and conference rooms, among other salient provisions.
He said his administration introduced the Inua Jamii programme, designed to support senior citizens, that now has over one million beneficiaries.
Uhuru said that the magnificent building results from the diligent service senior citizens have given to the country, a symbol of good works and proof of investing wisdom.
Construction of the CBK pension towers was entirely financed by the pension fund, with no contribution from CBK coffers.
CBK Pension Towers constructed by local building experts
Returns from this investment, which local engineers, architects and surveyors constructed, is expected to provide a fat dividend payout and comfortable retirement to contributors of this pension fund.
Available statistics indicate that Kenya’s pension assets have grown from KSh 40 billion in 2000 to KSh 1.4 trillion in June last year.
Prof. Dominic Mwenja, Chairman of Kenya’s apex monetary authority, said the towers leaning in the opposite direction represent two retired individuals with the Pension Towers, Pension Fund and the CBK in between as the anchor and support of the retirees.
“This is a testament to how we view our retirees. Our retirees give us the best years of their lives, it is incumbent upon us also to make sure that they are comfortable in their golden years,” he said.
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