Harambee Sacco bets on AfDB real estate deal to hit Sh1bn assets

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A construction site in Nairobi. FILE PHOTO | NMG

Harambee Investment Cooperative Society (HICS) is in talks with African Development Bank (AfDB) for entry into real estate as it seeks to grow its asset base to more than Sh1 billion by end of year.

The investment vehicle of the giant Harambee Sacco is looking to venture into the real estate business beyond the acquisition and sale of land which it has been doing since inception in 2014.

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