Sacco in drive to raise Sh500 million extra in share sale

Winas Sacco chairman Robert Kithanju (left) and Eastern regional coordinator Wycliffe Ogolla address the press while launching the Sacco’s share drive. The Sacco will sell five million shares at Sh100 each to boost liquidity and enable long term funding. (Joseph Muchiri, Standard)

The largest Sacco in Embu County has launched a drive to raise Sh500m through sale of share capital members.

Winas Sacco hopes that the extra share capital will help improve liquidity and fund investments, such as offering long term loans, mortgages, upgrading the ICT system and expanding head office.