This archive report was first published on 18 September 2019.
On September 14th, 2019, Safaricom Investment Co-operative (SIC) marked a significant milestone in their ambitious project, The Zaria Village, with an open day at The Zaria Village Grounds in Kiambu County.
The event saw the groundbreaking of one of the 331 plots up for sale, a development that signifies the readiness of commencement of building. With bush clearing and planting of trees for the hedges almost nearing completion, the site is now set for construction.
Speaking at the event, Peter Gichangi, the board chairman and director of the Zaria village, assured investors that infrastructure would be ready within six months. He also reassured them that SIC would ensure they receive effective and reliable service from contractors.
Ms Esther Mwangi, one of the first people to invest in the project, expressed her satisfaction with the progress made so far. She noted that SIC had kept them updated throughout the process, from the initial purchase of the land to the current stage.
The project targets middle and upper-middle-income earners, with an extension to Kenyans in diaspora looking to build homes in Kenya. Each 1/4 acre plot is priced at an initial cost of Kshs 6.95 million, with the highest price at Kshs 7.35 Million.
Safaricom Investment Co-operative has partnered with Palm ridge and mortgage offering banks such as KCB and CBA to ensure The Zaria village project is completed within the set timelines.
Read more about Safaricom Investment Co-operative's latest project, The Zaria Village
