PROPERTY INVESTMENT

Trustees have started process of developing 3 acre of land in Nakuru known as the Golden life Mall; the scheme has 20 acres of land in Mavoko and 10 acres of land in Nakuru near Nakuru pipe line. Of the 9.6 billion, about 23.3% (against 30% maximum of RBA) is in properties including Unga house, Mavoko land, Ngorika land and Golden Life Mall 75% (approx. 7 billion) is in equities and securities. All the properties acquired have been transferred to the schemes name and the title deeds are with the fund custodian- Standard Chartered..