Senate orders Nairobi, Mombasa to submit pension debt plans
The Committee, chaired by Taita Taveta Senator Johnes Mwaruma, separately met Nairobi Governor Johnson Sakaja in the morning and Mombasa Governor Abdullswamad Sheriff Nassir in the afternoon to establish the status of their pension liabilities...
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The Senate Committee on County Public Investments and Special Funds has mandated Nairobi and Mombasa counties to present plans for settling their substantial pension debts.
- Nairobi owes an estimated Sh39 billion to LAPTRUST and Sh6.3 billion to LAPFUND, while Mombasa has liabilities totaling Sh1.213 billion.
- The committee, chaired by Senator Johnes Mwaruma, met with Nairobi Governor Johnson Sakaja and Mombasa Governor Abdullswamad Sheriff Nassir.
- Nairobi claims it has been current on pension debt since 2022, disputing penalties and actuarial charges.
- Mombasa was given seven days to provide a detailed breakdown of its liabilities and settlement proposals.
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Senate Orders Nairobi, Mombasa to Submit Pension Debt Plans - September 2026
The Senate Committee on County Public Investments and Special Funds has mandated Nairobi and Mombasa counties to present plans for settling their substantial pension debts. This action comes as county governments face significant financial obligations to public sector retirees. In a related development, Parkview Shopping Arcade Limited has placed a prime 1.695-acre property in Nairobi's Westlands area on the market with a reserve price of Sh600 million, a potential asset sale that could help address financial obligations. Separately, Stanbic Bank Kenya confirmed the appointment of Michael Mutiga as its new Chief Executive following regulatory approval from the Central Bank, continuing leadership transitions in Kenya's banking sector.
