Home Business Stima Sacco ordered to buy Sh108m Maseno scheme Co-op Bank shares

Stima Sacco ordered to buy Sh108m Maseno scheme Co-op Bank shares

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Business Daily | by Sam Kiplagat

Stima Sacco has lost a court battle against Maseno University Savings and Credit Society over a failed deal to purchase shares in Co-operative Bank of Kenya worth Sh108 million.

Justice Grace Nzioka directed Stima Sacco to conclude purchase of the nine million Co-operative Bank of Kenya shares from Maseno Sacco within 30 days.

Stima Sacco was accused on reneging on a 2016 deal to buy the Sh108 million stock from Maseno Sacco…

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