Tag: Cytonn

Cytonn Troubles Mount As Court Orders Liquidation

The court has ordered for the liquidation of two Cytonn Investments arms to recover over Ksh14 billion owed to 4,000 investors. The two arms, Cytonn High Yield Solutions and Cytonn Real Estate Project Notes, have been under administration for the last couple of years after...

High Court Extends Cytonn High Yield Solution Administrative Orders

The High Court has extended administration orders issued against Cytonn High Yield Solution (CHYS) in October 2021, until a case filed in court by the administrator is heard and determined. CHYS is a separate real estate fund, legally distinct from the other funds managed by...

Gigiri, Westlands Ranked The Best Performing Commercial Office Nodes In Nairobi

The Commercial Office sector in the Nairobi Metropolitan Area (NMA)realized an improvement in its overall performance in 2021, with the average rental yields coming in at 7.1 percent, 0.1 percent higher than the 7.0 percent recorded in 2020. This is according to the Nairobi Metropolitan...

Cytonn CEO Edwin Dande’s Latest Multi-Billion Shilling Fight

The last straw for Dande was a 24-hour notice Cytonn was given for a meeting with CMA a day before they were hit with the order to change their name.

Markets Regulator Wades Into Cytonn Investments Saga

Cytonn Investments Saga: In line with its investor protection mandate, the Capital Markets Authority (CMA) has cautioned investors against investing through unlicensed and unapproved entities. CMA Chief Executive Wyckliffe Shamiah advised investors to use licensed and approved institutions who offer and promote regulated products to...

Cytonn Real Estate Hands Over Phase II of Its Sh5bn Flagship Project

Cytonn Group Chief Executive Edwin Dande assured of the company’s dedication to invest in high yielding products.