Egerton University has commenced the construction of a Sh1.6 billion mall in Nakuru town.
The project is one of its own under the Egerton University Retirement benefit scheme.
Speaking on Monday in Nakuru town when he presided over the groundbreaking ceremony, Nakuru Governor Lee Kinyanjui commended the university for such a project.
He said the project will bring employment opportunities to residents.
According to Kinyanjui, the mall which is expected to be complete in two years will be a significant development in the county.
"We will market the mall as part of the landmark buildings in the town. The mall will also attract diverse investors, including those passing through the town," Kinyanjui said.
He also challenged pension schemes in the county to invest in housing projects.
The county boss said there is demand for affordable housing and such projects will also provide revenue streams for the pension fund.
"This is a challenge, even to the county pension scheme, to invest in housing as they have long-term funds," he said.
Speaking at the same function Prof Rose Mwonya,the Egerton University Vice-Chancellor said the completion of the mall will improve income flow for the scheme.
She said it will also be a landmark building that will improve the profile of Nakuru town.
" It will provide ample parking and office space that will decongest Nakuru town," she said.