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Safaricom Sacco has raised Sh500 million from sale of shares as it hopes to spread wings into real estate.
The exercise, which begun in September last year will see the 9000-member Sacco raise Sh1 billion to fund projects among them a 15-storey office complex in Nairobi’s Westlands area. Initially scheduled to conclude by September 2016, the Sacco CEO George Ochiri said the process will be fast-tracked to ensure that the target is met by July this year.
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