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Chai Sacco plans to raise Sh500 million in new share float

Kenya: Chai Savings and Cooperative Society (Sacco) is set to float shares to its members with a view of raising Sh500 million to finance an ambitious growth plan.

The Sacco, which was registered in 1973 to offer financial services to the Kenya Tea Development Agency (KTDA) workers has embarked on a five-year (2014-2018) strategic plan with hopes of improving its visibility and becoming a force to reckon with in the cooperative sector.

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