A botched investment by Kenya’s social security agency may delay workers’ retirement benefits, make a Chinese construction firm richer and leave thousands of small landowners with nothing.
By Anthony Langat and Jacob Kushner
macys coach bags
NAIROBI, Kenya—This, says Samuel Wambiri, is how corruption can disrupt a life in Kenya.
Ten years ago, the 54-year-old father of three purchased a small plot of land on the outskirts of Nairobi for a modest 315,000 shillings. That’s about $3,700, which Wambiri agreed to pay over 10-years. And upon that land, Wambiri built a home where he and his wife could retire.
But last month, just as Wambiri had finished paying it off, the agency that sold him the land announced some troubling news: Wambiri would have to pay 920,000 shillings, or $10,824 more — four times more than his original investment. That’s because the Nairobi County governor decided Kenya’s National Social Security Fund (NSSF), which sold the land, needed to build a sewage system and access roads through it at significant cost.
The NSSF announced it would transfer the cost of the utilities to the landowners themselves.
“I was happy that I had finally finished paying for my land,” Wambiri said. “I was looking for somewhere to settle, and I settled.”
louis vuitton handbags on sale
But now, Wambiri and an estimated 5,500 fellow small-parcel landowners in Nairobi’s Tassia II neighborhood may be forced to vacate their new land altogether if they don’t find a way to pay the bill.
Read the full story at GlobalPost.