Mwalimu Sacco to sell Juja land after loss at bank

Spire Bank has remained in losses, cutting down the worth of Mwalimu’s stake to a mere Sh413.7 million. FILE PHOTO | NMG

Mwalimu National Sacco is seeking to sell two pieces of land in Juja, only weeks after it emerged that it had incurred a Sh2 billion loss on purchase of a bank.

Notices placed in the daily newspapers indicated the sacco was disposing off its 8.094 hectare parcel of land and another measuring 6.070 hectare adjacent to one another. It had planned to put up housing units on the land for sale to its shareholders and members of the public.

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