Safaricom Investment Co-operative (SIC) became the first Sacco to be admitted at the Nairobi Securities Exchange (NSE) under the Ibuka incubator programme.
The Ibuka Program is designed for aspirational companies that are driven by a firm commitment to embrace impactful changes that enhance their growth.
By joining 17 other firms at Ibuka, SIC paves way to promoting growth and development of cooperatives.
“The track record of this society is amazing, the returns they generate for their members is in excess of what you earn even in the money markets,” said NSE CEO Geoffrey Odundo.
Safaricom Investment Cooperative CEO Humphrey Njeru said, “We have acquired and sold over 100 investment projects, including four major housing projects.”