×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

The great rip-off? A dog’s life for poor millionaires who own Nairobi

Railway retirees address the press in Kisumu inJune 2018 to complain of non-payment of their pension by Kenya Railways Staff Retirement Benefit Scheme. [File, Standard]

If all assets of the troubled Kenya Railways pension scheme were to be sold all at once, each of the 8,829 pensioners would become instant millionaires.

And if the proceeds would be shared equally, each pensioner would take home Sh3,397,893.30 after the disposal of 13,194 houses and huge chunks of prime land at the heart of the city.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in