Stima Invest Cooperative Society issues 850 title deeds to its investors

Stima Invest Cooperative Society has begun the process of title deed issuance to its investors with a total of 850 such deeds earmarked for issuance.

The firm yesterday said that the first batch of 470 Land Title Deeds for the Bahati Project and another 380 for projects in Juja, Vipingo, Kabarak and Nanyuki were issued in a process its Board Chairman Joseph Ng’ang’a would continue.

“I can now only hope we shall foster lively investment opportunities and uphold best practices to help us sow the seeds of many exciting new solutions for better investments on in our country,” said Nganga.

The move by Stima comes after the national government through lands ministry resumed title deed issuance following the Ministry of Health move to lift restrictions on the Covid-19 pandemic.

Lands CS Farida Karoney said her ministry is ready to proceed with the exercise once the Health minister gives the greenlight.

The ministry had planned to issue 450,000 title deeds this financial year, but the Covid-19 outbreak prompted the postponement of similar events across the country.

As of last April, 388,000 title deeds had been issued, while the remaining 62,000 are ready.

Lands Ministry had last year commenced the migration process for land parcels within the Nairobi Registration Unit in a process that is hoped will help end land fighting among Kenyans by digitization of the land titling process through the launch of the National Land Information Management System, known as Ardhi Sasa, launched by President Uhuru Kenyatta in April.

For most Kenyans, substantial barriers still inhibit their access to land information.

At the click of a button, citizens will carry out online transactions, drastically reducing human interactions—a frequent source of fraud and a definite cause of delays and inconveniences.

The system is also expected to eliminate fraud, corruption and manipulation of critical land records as well as long queues at the registries. Further the system is hoped will resolve land problems as it will provide an updated, verified database of land records that are easily and readily available.

Since Independence, land has been an emotive fight for majority of Kenyans, owing to historical injustices, fraud and the manipulation of land documents at Ardhi House.

The new system is part of the reforms in the lands sector that is hoped will solve such matters. Through the new system, all parcels will be migrated to one regime, the Registry Index Maps (Rims) which will then replace deed plans as registration instruments for land – previously used as a conduit for manipulation.