NSSF defends Mau Summit–Rironi Road investment, says members funds safe
NSSF General Manager for Finance and Investments Ronald Nyamosi said the Fund’s participation in the project has been widely misunderstood, particularly on social media, where concerns have been raised over the exposure of pension savings to large infrastructure developments. K..
✨ Key Highlights
The National Social Security Fund (NSSF) has defended its investment in the Rironi–Nakuru–Mau Summit highway project, asserting that the deal safeguards contributors' savings and aligns with regulatory requirements. They clarify common misunderstandings, particularly online, regarding their involvement in the large-scale infrastructure development.
- NSSF's exposure to the Sh170 billion project is limited to 40 percent of the equity portion, estimated at Sh20–25 billion, not the entire cost.
- General Manager for Finance and Investments Ronald Nyamosi stated that such infrastructure investments are designed for stable, long-term returns, similar to government bonds.
- The project is a public-private partnership (PPP) between NSSF and China Road and Bridge Corporation (CRBC), with 75 percent debt and 25 percent equity.
- The Mau Summit–Rironi highway is expected to be completed by June 1, 2027, and is one of Kenya's busiest transport corridors.
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Parliament Approves Sh204Bn Safaricom Sale for Infrastructure; Mau Summit Road Upgrade Planned - February 2026
A Kenyan parliamentary committee has approved the sale of a 15% government stake in Safaricom PLC to raise Sh204.3 billion for critical infrastructure development. The sale aims to ease pressure on public finances as only Sh29.8 billion was available for development in the 2025/26 financial year. In separate infrastructure initiatives, the National Treasury and KeNHA have begun plans for the upgrade of the Mau Summit–Eldoret–Malaba Road PPP project. Following online discussions, the National Social Security Fund (NSSF) defended its investment in the Rironi–Nakuru–Mau Summit highway project, stating that contributors' savings are safe. Meanwhile, Treasury CS John Mbadi defended the controversial National Infrastructure Fund in court after the High Court suspended its operation.
