Cytonn Asset Managers to mobilize US$300m for funding new housing project

KENYA – Cytonn Asset Managers Limited (CAML), the regulated affiliate of Cytonn Investments Management PLC, is seeking to raise at least KSh30 billion (US$300m) to fund construction of 6000 mid to low income houses through its regulated scheme dubbed Cytonn High Yield Fund (CHYF).  The of launching ceremony of CHYF was graced by Mr. Charles Hinga, Principal Secretary, State Department for Housing and Urban Development.  He backed the fund saying that it is the right impetus needed to boost private sector investments to accelerate affordable housing project. He added that…

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