{"id":22421,"date":"2021-02-11T21:30:08","date_gmt":"2021-02-11T21:30:08","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=22421"},"modified":"2021-02-11T21:30:08","modified_gmt":"2021-02-11T21:30:08","slug":"pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade","title":{"rendered":"Pension fund to invest Sh3.5b in Kisumu estate upgrade"},"content":{"rendered":"

AfricaPress-Kenya:<\/strong> Makasembo Estate\u00a0in Kisumu is set for demolition and construction of new houses at a cost of Sh3.5 billion.<\/p>\n

The project will be funded by the county government workers\u2019 pension scheme, the Local Authorities Provident Fund (LapFund).<\/p>\n

In a move aimed at improving the city\u2019s aesthetic value, the fund and the county government have agreed to pull down more than 120 houses at the estate.<\/p>\n

The process started on Tuesday, with the demolition of structures in parts of the lakeside city\u2019s estates and payments of a \u2018token\u2019 in the new resettlement plan to allow tenants to seek alternative residences.<\/p>\n

LapFund Chief Executive David Koross said the project follows a series of consultative meetings with the affected tenants.<\/p>\n

\u201cWe are here to issue them with the money so that they leave. We expect to build the houses within the next two-and-a-half years and then sell to them at affordable rates,\u201d he said.<\/p>\n

Mr Koross told Home & Away in an interview that each of the 1,800 tenants to be evicted has been paid Sh96,000.<\/p>\n

This comes amid increased\u00a0demand for modern houses in Kisumu due to an expanding population<\/p>\n

\n
\n
\n
<\/div>\n
\n

Subscribe to our newsletter and stay updated on the latest developments and special offers!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\u201cWe identified the tenants and listed their names and today we have issued cheques worth Sh12.2 million to all of them. We now expect them to move out so that we pull down the decades-old houses,\u201d Koross said.<\/p>\n

The Makasembo tenants were given a 28-day notice to vacate, which lapses at the end of this month. Demolitions have, however, started at the gates and house extensions.<\/p>\n

Public toilets and a social hall were also being pulled down to pave way for the new high-rise buildings.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Kenya: Makasembo Estate\u00a0in 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\u2019 pension scheme, the Local Authorities Provident Fund (LapFund). In a move aimed at improving the city\u2019s aesthetic value, the fund and the county government have agreed […]<\/p>\n","protected":false},"author":84,"featured_media":22412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[3871,7416,5348,3872],"class_list":["post-22421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-housing","tag-lapfund","tag-pension","tag-real-estate"],"yoast_head":"\nPension fund to invest Sh3.5b in Kisumu estate upgrade - kenya<\/title>\n<meta name=\"description\" content=\"Makasembo Estate\u00a0in Kisumu is set for demolition and construction of new houses at a cost of Sh3.5 billion.The project will be funded by the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pension fund to invest Sh3.5b in Kisumu estate upgrade\" \/>\n<meta property=\"og:description\" content=\"Makasembo Estate\u00a0in Kisumu is set for demolition and construction of new houses at a cost of Sh3.5 billion.The project will be funded by the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-11T21:30:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/02\/pension_fund_to_inve602507422e935.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Pension fund to invest Sh3.5b in Kisumu estate upgrade\",\"datePublished\":\"2021-02-11T21:30:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade\"},\"wordCount\":298,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/02\/pension_fund_to_inve602507422e935.jpg\",\"keywords\":[\"Housing\",\"LAPFUND\",\"Pension\",\"Real Estate\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade\",\"name\":\"Pension fund to invest Sh3.5b in Kisumu estate upgrade - kenya\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/02\/pension_fund_to_inve602507422e935.jpg\",\"datePublished\":\"2021-02-11T21:30:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Makasembo Estate\u00a0in Kisumu is set for demolition and construction of new houses at a cost of Sh3.5 billion.The project will be funded by the\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/02\/pension_fund_to_inve602507422e935.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/02\/pension_fund_to_inve602507422e935.jpg\",\"width\":800,\"height\":450},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/kenya\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pension fund to invest Sh3.5b in Kisumu estate upgrade\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/\",\"name\":\"kenya\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Pension fund to invest Sh3.5b in Kisumu estate upgrade - kenya","description":"Makasembo Estate\u00a0in Kisumu is set for demolition and construction of new houses at a cost of Sh3.5 billion.The project will be funded by the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade","og_locale":"en_US","og_type":"article","og_title":"Pension fund to invest Sh3.5b in Kisumu estate upgrade","og_description":"Makasembo Estate\u00a0in Kisumu is set for demolition and construction of new houses at a cost of Sh3.5 billion.The project will be funded by the","og_url":"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade","og_site_name":"kenya","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-02-11T21:30:08+00:00","og_image":[{"width":800,"height":450,"url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/02\/pension_fund_to_inve602507422e935.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Pension fund to invest Sh3.5b in Kisumu estate upgrade","datePublished":"2021-02-11T21:30:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade"},"wordCount":298,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/02\/pension_fund_to_inve602507422e935.jpg","keywords":["Housing","LAPFUND","Pension","Real Estate"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade","url":"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade","name":"Pension fund to invest Sh3.5b in Kisumu estate upgrade - kenya","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/02\/pension_fund_to_inve602507422e935.jpg","datePublished":"2021-02-11T21:30:08+00:00","author":{"@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Makasembo Estate\u00a0in Kisumu is set for demolition and construction of new houses at a cost of Sh3.5 billion.The project will be funded by the","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#primaryimage","url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/02\/pension_fund_to_inve602507422e935.jpg","contentUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/02\/pension_fund_to_inve602507422e935.jpg","width":800,"height":450},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/pension-fund-to-invest-sh3-5b-in-kisumu-estate-upgrade#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/kenya\/"},{"@type":"ListItem","position":2,"name":"Pension fund to invest Sh3.5b in Kisumu estate upgrade"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/kenya\/#website","url":"https:\/\/www.africa-press.net\/kenya\/","name":"kenya","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/22421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/comments?post=22421"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/22421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media\/22412"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media?parent=22421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/categories?post=22421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/tags?post=22421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}