Khusoko – East African Markets
    Facebook Twitter Instagram
    Khusoko – East African MarketsKhusoko – East African Markets
    • NEWS
    • ECONOMY
      • BANKING & FINANCE
      • COMPANY
      • MARKETS
    • INDUSTRY
      • AGRICULTURE & ENVIRONMENT
      • HEALTH & WELLNESS
      • PROPERTY
        • RETAIL
      • TECHNOLOGY
        • ELECTRONICS
    • ENTREPRENEURSHIP
      • ENTREPRENEURS
      • PEOPLE
      • PERSONAL FINANCE
    • SPORTS
    • COMMENTARY
    • ARTS & CULTURE
      • BOOKS
      • ENTERTAINMENT
      • FAMILY & RELATIONSHIPS
      • FASHION & STYLE
      • FOOD & DRINK
      • TRAVEL & LEISURE
    Khusoko – East African Markets
    PROPERTY

    Cytonn Asset Managers awarded licence to operate as a REITS Manager

    KhusokoBy Khusoko2019-02-142 Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Cytonn Investments Management Plc says it will appeal against the High Court directive that dismissed their petition that sought to challenge the Capital Markets Authority directive limiting their projects under its asset managers unit to 10 per cent.
    Edwin H. Dande - Chief Executive Officer at Cytonn Investments speaking during the Investments Analysts and Investors Open Day.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Cytonn Asset Managers has received a license from the Capital Markets Authority to operate as a REITs (Real Estate Investment Trusts) Manager.

    The asset management subsidiary of Cytonn Investments Plc becomes the ninth Kenyan fund manager to be granted a REIT Manager License by CMA.

    REITS are regulated investment vehicles that allow collective investment in real estate where both retail and corporate investors pool their funds and then engage in real estate projects.

    “Financing structures such as REIT’s and real estate backed funds such as high yield fund, offer a capital markets based solution to raising funds towards real estate development, and also a chance for eligible investors to invest and gain attractive yields, capital appreciation and above-average total returns” said Mr. Maurice Oduor, Principal Officer, Cytonn Asset Managers, on receiving the REIT Manager License.

    Deepening of the capital markets remains a key priority for Cytonn Asset Managers and the REIT Managers license is another positive step forward towards regulated product development.

    “This is an important milestone for CAML because it allows us to bring investment grade real estate offerings to a wider pull of clients through regulated capital markets vehicles. This will be the first real estate backed high yield fund in the market and it demonstrates that our capital markets are open to innovation” said Mr. Edwin Dande, Chief Executive Officer, Cytonn Investments.

    Cytonn Asset Managers in 2018 was granted a license to manage retirement benefit schemes funds by the Retirement Benefits Authority (RBA).

    Cytonn Asset Managers Edwin Dande Maurice Oduor REIT Manager License
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Khusoko

    Multimedia platform providing analysis of business & financial news in East Africa.

    Related Posts

    Carrefour Introduces Kenya’s First Self-Checkout Counters

    2023-03-29

    Real Estate Investments Trusts, What Are They?

    2023-03-24

    Carrefour Slapped With Cease and Desist Order Over Pwani Oil

    2023-03-13

    Leave A Reply Cancel Reply

    Our Language is Flirty
    https://www.facebook.com/flirtynailsparlour/
    MORE TOP STORIES
    • Moderna Investing $500 mn mRNA Vaccine in Kenya
    • No Dividend to Britam Shareholders for FY2022, Third Year in a Row
    • Using the Kenya Plastic Pact Roadmap to Deal with the Pollution Headache 
    • Kenya GDP: 2023 Economic Growth Revised Down to 5.8%
    • CBK Raises Base Rate by 75 Basis Points in March to 9.50%
    • Facebook
    • Twitter
    • LinkedIn
    Facebook Twitter LinkedIn
    • ABOUT US – KHUSOKO
    • PRIVACY POLICY
    • KHUSOKO STANDARDS GUIDE
    © 2023 Khusoko. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.