NSSF reaches out to Diaspora Kenyans
National Social Security Fund (NSSF) has reached out to Kenyans in the Diaspora to invest in Kenya to secure their future in retirement.
Addressing Kenyans living in London on Sunday, NSSF Managing Trustee, Tom Odongo, said their houses at Nyayo Estate are available for sale to athletes and Kenyans working outside the country. He said the Nyayo Estate in Embakasi has been rated the best managed estate in the entire East and Central African region. He said NSSF can also be used to save money and urged Kenyans to take advantage of that.
"We are appealing to Kenyans in the Diaspora to take advantage of our low rates to purchase the houses at Nyayo Estate," Mr Odongo said.
He urged athletes to take advantage of their talent and invest their earnings during their active years in real estate.
Odongo is part of the Kenyan parastatal heads, civil service bosses and private sector captains here to market Kenya’s economic opportunities in the sidelines of the Olympic Games. A major investment conference will take place in London on Monday.
NSSF is also platinum sponsor of Team Kenya at the 2012 Olympics, they gave Sh35 million to the team.
"NSSF offers 7.5 percent interest rate on members deposit, a rate that cannot be found anywhere in this part of the world. It is also important to note that their deposit are tax exempt and don’t attract ledger fees," said Mr Odongo.
"We also want Kenyans in the Diaspora to know that we are transforming NSSF from a provident fund to a pension trust. This will go a long way in enabling Kenyans alleviate poverty as we will not only guarantee monthly pension payments upon retirement but also enhance a number of benefits that will change the living standards of Kenyans," said Odongo.
"We are currently rebranding NSSF and coming up with a new logo, new tag line and we will also be having the first ever annual general meeting to enable members know how we operate," he said.
He urged Kenyan athletes to be ambassadors of good investment by being individual lump sum contributors.