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Safaricom Co-operative Launches Its 158Th Land Project

BY Soko Directory Team · May 21, 2024 12:05 pm

Safaricom Investment Co-operative has launched its 158th project in Eldoret, Uasin Gishu County in a move to expand its footprints across the country.

Dubbed ‘Adelaide Creek’, the 30-acre land project consists of quarter-acre plots that are competitively priced at KES. 2.5 million with amenities such as graded murram roads, a chain-link fence, and readily available electricity and water connections.

Safaricom Investment Co-operative which has successfully delivered land projects across 14 counties as well as housing projects in Nairobi, Kiambu, and Machakos counties is building on its track record to deliver quality projects to investors.

“Our 2022-2026 strategic plan is anchored on delivering superior returns to our investors and we are happy to expand our projects portfolio through this launch. As a company, we strive to transform the economic and social well-being of our investors through prudent, sustainable, and responsible investment decisions anchored on financial growth and sustainability,” said Safaricom Investment Co-operative CEO Churchill Winstones.

Eldoret is one of the fast-growing towns in Kenya at a rate of about 5.1 percent to 5.2 per annum in comparison to the national average of about 3.7 percent. In 2023, Eldoret Municipality was conferred its status as Kenya’s fifth city after reaching the investment attraction phase in its historic journey. The city is the gateway to the northern transit corridor and the East Africa Community.

Present at the event was Kesses Member of Parliament Hon. Julius Ritto who applauded Safaricom Investment Co-operative for choosing Eldoret as one of their investment locations, noting that they had the launch was very timely.

“On behalf of the leadership of this area, I take this opportunity to welcome Safaricom Investment Co-operative to Eldoret. No one can ever go wrong with investing in land and real estate as a whole. Embracing investment opportunities such as what Safaricom Investment Co-operative has brought to our doorstep would be one of the best decisions that my people can make.  It is also important to note that construction of the highway from the Eldoret International Airport to the Moiben area has already commenced. Adelaide Creek is strategically located along that route, thus its attractiveness,” said Kesses Member of Parliament Julius Ritto.

Adelaide Creek is located along the Eldoret-Iten road, less than 10 kilometers from Eldoret town, providing easy access to major transportation routes. It also borders institutions such as the University of Eldoret and the Sololo Agriculture Flower Farm. It presents an unprecedented opportunity for investors seeking to capitalize on the remarkable potential of Eldoret City and the rapidly expanding community.

Read Also: Safaricom Investment Co-operative Appoints New CEO

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