.Following the successful handover of the task force report after a grueling six months period, Ingwe members have been interacting with the report with a view of either adopting it, amending or rejecting it at the forthcoming AGM slated for end of this month.The report proposes several ideas on how the 60 year old club could benefit from going corporate. Our guys took time to digest the report .
Members to control 51% of the shares.
AFC Leopards members will have the first chance to snap Kshs 1.02 billion worth of shares if the club adopts the report floated by an eight member Task Force on Corporate Transformation. This will be equivalent to a controlling 51% stake to be up taken through a members Sacco. Strategic Investor(s) will pump in Kshs 980 million for a 49% stake. The uptake of shareholding will however be staggered for three years to allow members mob up funds. Strategic investors will be expected to expedite the uptake to provide immediate liquidity. The club has been valued at Kshs 2 billion.The AFC Corporate Task Force report is expected to be ratified by members in a planned AGM at the end of this week.
.Attractive Savings and Investment Opportunities:
Saccos foster a culture of regular saving, making it easier for members to build a strong financial foundation. With a range of tailored savings accounts designed for different needs and goals, Sacco membership presents attractive saving and investment opportunities. Members can earn competitive returns on their savings, which can be withdrawn annually or as needed. In addition, by encouraging consistent saving patterns, Saccos empower members to achieve their financial objectives efficiently.
The AGM to ratify recommendations by the Corporate Task Force to transform the club into a profit making corporate entity is slated for end of this week.Keep it here for more….
