This archive report was first published on 2 November 2019.
On November 2, 2019, the Nairobi Stock Exchange (NSE) admitted Safaricom Investment Cooperative to its Ibuka programme, a key initiative that supports businesses as they prepare to launch their next phase of growth.
The Ibuka programme aims to help businesses like Safaricom Investment Cooperative to expand their operations and increase their revenue. According to NSE CEO Geoffrey Odundo, the track record of Safaricom Investment Cooperative is impressive, with returns exceeding those earned in the money markets.
Safaricom Investment Cooperative CEO Humphrey Njeru highlighted the cooperative's achievements, stating that they have acquired and sold over 100 investment projects, including four major housing projects. The cooperative has also issued ownership documents to over 3,000 of its investors.
The admission of Safaricom Investment Cooperative to the Ibuka programme is a significant milestone for the cooperative and a testament to its growth and development.
