Kenya Railways to Sell Off 16bn Assets

Kenya Railways plans to sell prime assets in Ngara and Makongeni to settle long-overdue pension payments under the Kenya Railways Staff Retirement Benefits Scheme. Managing Director Philip Mainga told senators the corporation expects KSh2 billion from the Kenya National Highways Authority and will pursue additional land sales worth up to KSh16 billion. Pensioners have reported financial strain after years of delayed dues, and lawmakers urged faster action to address the scheme’s liquidity pressures.