A company co-owned by former Prime Minister Raila Odinga and his widow, Ida Odinga, is among the leading bidders for properties valued at KSh645.79 million being sold by the Telposta Pension Scheme.
The disposal is part of efforts by the pension fund to reduce its exposure to real estate and comply with regulations capping property investments at 30% of total assets.
The Odinga family, through Kango Enterprises, submitted a bid of KSh150 million for two bedroom houses along Kangundo Road in Nairobi. The offer was above the reserve price of KSh145.2 million, highlighting strong demand for the properties.
Records from the Business Registration Services show Kango Enterprises is jointly owned by Raila Odinga and Ida Odinga, each holding 100 ordinary shares.
Strong investor interest in Telposta property sale
The Telposta Pension Scheme opened bids on 30 October 2025 and closed on 1 December 2025 as part of the first phase of its multi billion shilling property disposal plan.
Other investors also submitted high value bids. Proland Holding Limited placed a KSh400 million bid for a bungalow in Nairobi Matumbato area, exceeding the reserve price of KSh366 million.
Rebecca Miano submitted two bids worth KSh12.84 million and KSh12.16 million for bungalows in Nyahururu, while Patricia Kiwanuka placed three bids totaling KSh18.75 million for properties in Nairobi and Mweiga.
The scheme says top bids exceeded both the KSh593 million reserve price and KSh493 million book value of the properties, signaling strong market interest.
Administrator Peter Rotich said the bids represent a KSh151 million gain, with the scheme expecting about a 31% return from the first phase.
He said proceeds will be invested in higher yielding securities, noting that many of the properties have been generating returns of under one percent.
Telposta has since launched a second phase involving more than 40 properties valued at KSh414.72 million, with bidding set to close on 27 April.
The scheme is also in talks with the government over the sale of strategic assets including Telposta Towers, valued together at about KSh10 billion.
Established on 1 July 1997, the scheme serves former employees of Telkom Kenya and related institutions. It became a closed scheme in 2007 and has since paid over KSh14.5 billion to more than 5,000 members.
