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Sacco hands over houses in Stima Village project

By James Wanzala | Published Thu, July 17th 2014 at 00:00, Updated July 16th 2014 at 21:13 GMT +3

Stima Investment Cooperative Society has handed over its first residential housing project in Syokimau, Machakos County.

Christened Stima Village, the residential housing project comes ahead of the society’s commercial projects, which include Stima Plaza and Stima Mall, which are nearing completion.

The project, located 3.5km off the Mombasa-Nairobi highway, comprises a total of 76 maisonettes - 35 three-bedroom units and 41 four-bedroom ones.

Speaking during the ceremony, Stima Investment Co-operative Society Chairman Sigilai Kirui said that their next residential project will be on Kangundo Road in Machakos County.

“We are planning to start another residential estate worth Sh1.2 billion and will consist of 470 two- and three-bedroom low-cost maisonettes and apartments to be known as Stima Plains on 20 acres at Malaa on Kangundo Road,” said Kirui.

Permanent Secretary in the Ministry of Energy and Petroleum Joseph Njoroge appealed to Machakos Governor Alfred Mutua to tarmack Wananchi Road. “Mr Governor, if you will focus on improving the infrastructure of this county, which includes tarmacking Wananchi Road, Machakos County will undoubtedly become the dormitory of Nairobi,” he said.

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The governor assured Syokimau residents that his county government has set aside money to tarmack four roads in Syokimau sub-county, Wananchi Road being one of them.

Infrastructure

“Through Machakos Maendeleo Chap Chap, we have set aside funds to improve infrastructure including road construction, free ambulances, and sewerage system to ensure the lives of Machakos residents is improved,” said Dr Mutua.

He added that Wananchi Road would be installed with CCTV cameras and street lights and encouraged developers to think of installing CCTV cameras to enhance security.

Machakos County Government Minister for Housing George Luka Kioko applauded Stima Investment Co-operative Society’s initiative and invited other developers to come and invest in the county.

The units are selling for Sh9.5 million and Sh10.15 million for three- and four-bedroom units, respectively. The project was financed by Shelter Afrique to the tune of Sh395 million.


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