SIC Investment Co-operative

SIC Investment Co-operative is a private investment firm based in Nairobi, Kenya, specializing in joint investments for its members across real estate, marketable securities, and private equity. Established in 2009, the firm has grown to over 5,000 members, including current and former staff of Safaricom PLC and the public at large. As of July 2021, SIC managed over 100 land projects across 14 counties in Kenya and six housing projects in Nairobi, Kiambu, Machakos, and Kajiado counties. The firm has issued over 5,000 titles to members and delivered more than 600 fully paid housing units to clients and members.

In September 2024, SIC rebranded from Safaricom Investment Co-operative to SIC Investment Co-operative to align with its 2023-2027 strategic plan, focusing on financial growth, member mobilization, and improved internal processes. The rebranding aims to position the firm as a leading investment partner through diversified product offerings and enhanced client experiences. The decision followed a comprehensive six-month transition process involving market, audience, and stakeholder engagement.

SIC's investment strategy encompasses real estate, marketable securities, and private equity, with a focus on growth, late-stage, pre-IPO, buyout, turnaround, and distressed investments. The firm primarily operates within Kenya, targeting sectors such as real estate and financial services. Its mission is to transform the economic and social well-being of investors through prudent, sustainable, and responsible investment decisions, anchored on financial growth and sustainability, increased member mobilization, and improved internal processes and institutional capacity.