The National Social Security Fund (NSSF) has announced a real estate project in Nairobi’s Central Business District with a projected cost of Ksh.30 billion.
This development is designed as a mixed-use complex featuring two towering buildings, one rising 60 floors and the other 35, and will include office space, luxury apartments, retail areas, conference facilities and a hotel.
The project will sit on the pension Fund’s 3.85 acre land that has sitted pritty idle for decades in Nairobi’s Kenyatta Avenue.
According to NSSF Managing Trustee and Chief Executive Officer David Koross, the inclusion of residential apartments stems from a desire to revitalize the CBD by encouraging people to live where they work.
This model, common in many global cities, is expected to help reverse years of businesses and people relocating to other commercial hubs with more housing supply, such as Westlands and Upper Hill.
Also Read: How NSSF Contributions Will Change From 2027 Moving Forward
“Introducing residential units aims to enhance convenience, reduce commuting times and stimulate activity within the heart of Nairobi,” said Koross.
In a report by the Business Daily, the project’s financing will come entirely from NSSF’s own resources over the next four years, leveraging a substantial inflow from member contributions.
The Ksh.30 billion estimate falls within the Fund’s financial capacity, even as it aims to collect about Ksh.100 billion in 2026.
In the fiscal year 2024/25, NSSF collected Ksh.83.97 billion, stemming from monthly collections of Ksh.6.99 billion.
The shift from a flat-rate monthly deduction of Ksh. 200 to an earnings-related system led to a sharp rise in total fund collections.
| Fiscal Year | Annual Member Contributions | Average Monthly Receipt |
|---|---|---|
| 2021/22 | Ksh.13 – 16 Billion | ~Ksh.1.2 Billion |
| 2022/23 | Ksh.26.87 Billion | ~Ksh.2.2 Billion |
| 2023/24 | Ksh.62.29 Billion | ~Ksh.5.2 Billion |
| 2024/25 | Ksh.83.97 Billion | ~Ksh.6.99 Billion |
| 2025/26 (Projected) | Over Ksh.100 Billion | ~Ksh.8.33 Billion |
NSSF is also involved, through a partnership, in the construction of a dual 175-km Rironi–Mau Summit road for Ksh.170 billion by the China Road and Bridge Corporation (CRBC).
The mega highway will ease congestion on the Northern Corridor, which will be financed through 75% debt and 25% equity, with NSSF investing Ksh.12–25 billion in equity.
Construction began in late 2025, with completion expected by June 2027, and it will operate as a toll road.
