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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Cytonn launches inaugural fund focusing on mid to low income housing

KENYA – Cytonn Asset Managers Limited (CAML), the regulated affiliate of Cytonn Investments, has today launched the first specialized and regulated Collective Investment Scheme in Kenya, focusing on financing mid to low income housing. The fund known as the Cytonn High Yield Fund (CHYF) will target assets under management of Kshs 30 bn, which shall be used for the development of 6,000 mid to low-income houses. Speaking at the launch, Cytonn CEO, Edwin H. Dande said, “We are constantly striving to provide creative solutions that will ensure the affordable housing…

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