This archive report was first published on 11 September 2019.
Published on September 11, 2019, Safaricom Investment Co-operative has been a leading player in the investment scene since 2009, successfully delivering a total of 129 projects.
Over the past decade, the co-operative has consistently offered impressive returns to its investors, clients, and 4200 members, with an annual return of up to 42%. This remarkable feat is a testament to the co-operative's commitment to its members and clients.
The co-operative's latest project, The Zaria Village, aims to empower prospective investors and clients by providing housing units at below-market value. This innovative approach is set to revolutionize the real estate market in Kenya.
With prices starting at Kshs 6.95 million for a 1/4 acre plot, The Zaria Village offers a unique opportunity for individuals to own a piece of prime real estate. The co-operative's Senior Manager for Strategy, Peter Gichangi, notes that the major challenge in the past has been catering to the unique demands of each client. However, The Zaria Village addresses this issue by offering four different housing options, each with its own design and limited modifications.
According to Mr. Gichangi, the uptake of SIC has been mostly through direct sales, previous clients, and Kenyans in the diaspora. He is confident that title deeds for The Zaria Village will be available within the first thirty days of purchase, and all necessary infrastructure, including perimeter walls, drainage systems, tarmac roads, and solar street lighting, will be ready within six months.
