“Mhasibu” means an accountant in Swahili. MICL was started by members of the Mhasibu Sacco society. The formation of the Sacco from which MICL was born, was spearheaded by members of the institute of certified public accountants of Kenya (ICPAK). The members decided it was important to explore other investment options by pooling resources together and hence the birth of Mhasibu Investment Company Limited (MICL).
MICL was founded and registered in 1997 as a limited company and has since grown to 300 shareholders. It was started to take advantage of the then high yield of returns on treasury bills and bonds but has since diverted from fixed income to higher return investments for example in private equity, real estate and offshore investments. The share capital has grown more than 20 times from December 1997 to 2009. MICL also has a very well established Over the Counter facility (OTC) to enable shareholders trade in their shares.
Mhasibu Investment Company Limited or MICL has been a member of KAIG since 2007Economic Areas of Investment
- Real Estate
- Stock Market
- Offshore Investments
Read more in www.micl.co.ke