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Safaricom Investment Co-operative joins race for NSE

Safaricom staff attend to clients at one of their outlets in Nairobi. Safaricom Investments Sacco largely draws members from the communications company. FILE PHOTO | NMG

By  OTIATO GUGUYU

Safaricom Investment Co-operative (SIC) has lined up to join 17 other firms at Ibuka, the Nairobi Securities Exchange (NSE) programme that aims to help companies list on the bourse.

The move by the investment group makes it the first sacco to express interest in listing and raising hopes of attracting more cooperatives to the market, thus bringing more transparency to the sacco movement.

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