SOCIETY

Cytonn Group launches investment scheme

It is known as Cytonn High Yield Fund

In Summary

• The scheme is focused on financing mid- to low-income housing

Cytonn Group CEO Edwin Dande
Cytonn Group CEO Edwin Dande
Image: MERCY MUMO

Investments management firm Cytonn Group on Tuesday launched the first regulated and specialised investment scheme at Sarova Panafric Hotel.

The scheme, focused on financing mid- to low-income housing, is known as Cytonn High Yield Fund.

 

PS Charles Hinga said that he was happy that Cytonn has decided to come up with such a scheme since land in Kenya is said to be the most expensive in the continent.

" I am very happy that Cytonn Group has come up with the Investment Scheme this is because it will be able to cater to middle-class people. We all know that a piece of land here in Kenya is not cheap in fact our country is said to be the most expensive when purchasing a piece of land," PS said.

East Africa Forum for Alternative Investment chairman Edward Odundo and Housing PS Charles Hinga with Cytonn Group board member James Maina and CEO Edwin Dande
East Africa Forum for Alternative Investment chairman Edward Odundo and Housing PS Charles Hinga with Cytonn Group board member James Maina and CEO Edwin Dande
Image: MERCY MUMO
Dande presents a gift to Hinga
Dande presents a gift to Hinga
Image: MERCY MUMO
Hinga and Maina
Hinga and Maina
Image: MERCY MUMO
Maina, Hinga, Wambui Weru and Odundo
Maina, Hinga, Wambui Weru and Odundo
Image: MERCY MUMO
Cytonn Asset Managers principal officer Victor Odendo
Cytonn Asset Managers principal officer Victor Odendo
Image: MERCY MUMO