In Summary
Afya Investments is wholly owned by the shareholders of Afya Sacco, embodying a cooperative approach to investments. The society encourages its members to unite for investment initiatives within the branches, engaging in joint ventures for various projects, including land acquisition, plot development, and the establishment of business enterprises. Their portfolio includes 16 residential maisonettes situated at Kamburu Drive off Ngong Road and the Afya Co-operative Centre, a 21-story high-rise building located in Nairobi City. Both the maisonettes and Co-operative Centre are rented out, generating income for members, which is distributed as dividends on an annual basis. Afya Investment has also introduced an innovative over-the-counter (OTC) facility for share trading, allowing members to trade their investment shares, which are not listed on the stock exchange.
This OTC system mirrors the stock exchange model, with prices determined by market dynamics and transactions facilitated at the Afya Centre. The financial stability established by Afya Holding and Investment has significantly benefited Afya Society and its members, fostering a solid financial foundation for the cooperative.
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