Stima Investment Cooperative Society Ltd recently issued 850 title deeds, with more investors set to receive theirs before 2021 ends.
The Society handed over the first batch of 470 Land Title Deeds for the Bahati Project and another 380 for Juja, Vipingo, Kabarak, and Nanyuki projects. Title Deeds for Konza and Kisaju projects will be issued in November.
“It is indeed a great pleasure to witness the issuance of Land Title Deeds – a milestone that we all endeavored to achieve. Quite a journey it was. It involved many of us since so much had to be re-aligned internally as well as externally while engaging with the Ministry of Lands,” said Jonathan Kinyenze, CEO, Stima Investment Cooperative.
The Society also plans to issue the second batch of the Land Title Deeds primarily targeting the Bahati Land Project by the end of November 2021.
“This project dates way back. Some of the beacons are therefore not in place. We are therefore persuaded to re-beacon the Bahati Land Project as we issue the second batch of titles and handing over of the to our investors,” said Kinyenze.
The Society said it will refund all investors who missed plots in the project, with a four-installment refund programme in place running from 31st December 2021 to 30th September 2022.
“Investors have an option of project transfer upon request considering that we are already investing in a new project within the same locality,” said Kinyenze.
Kinyenze noted that investing in the land has drawn major interest from the government that is keen to fix teething issues.
Lately, the processing of land titles has been changing as authorities embark on the new journey of vacating paperwork to accommodate technology and new innovations.
“Stima Investment welcomes these initiatives as they are purposed to offer solutions to land issues that over the years have been very sensitive in Kenya. We are delighted with the Lands Ministry deliberate efforts of enhancing accountability, transparency and efficiency in land administration and management.”
“Stima Investment has taken note of the government’s strategic plan that’s founded on four key pillars: digitalisation, national titling, policy, legal and institutional reforms and decentralisation. These strategic directions are geared towards improving service delivery and will therefore have a direct bearing to our shareholders, investing on land across the country,” added Stima Investment Chairman Eng. Joseph Ng’ang’a
He asserted confidence that Stima Investment is committed to offering the best to all its investors.
“The joy of investing in a clean property, in this case; a land without any handicap, a land without any impediments, a land with a clean Title Deed remains the Stima Investment assurance,” Kinyenze.
