Cytonn Investments is an international real estate company and private equity firm with offices in Nairobi, Kenya and DC Metro Area in the United States.

History

In 2014, four senior managers at publicly listed British-American Investments Company (

Britam Britam Holding PLC is a leading diversified financial services group and is listed on the Nairobi Securities Exchange. The group has presence in seven Africa countries in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi. Br ...

), left the company to form Cytonn. This included # Edwin Dande –

Chief Executive Officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

at Cytonn # Shiv Arora – Former

Chief Financial Officer The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...

at Cytonn # Patricia Wanjama – Head of Legal at Cytonn # Elizabeth Nkukuu –

Chief Investment Officer The chief investment officer (CIO) is a job title for the board level head of investments within an organization. The CIO's purpose is to understand, manage, and monitor their organization's portfolio of assets, devise strategies for growth, act as ...

at Cytonn The move lead Britam to seek their removal from the roll of accountants, advocates and financial analysts by accusing them of collusion. Cytonn posted a profit of Ksh 630 million in its first year of operation. The company has put a number of its business under Administration and 4,000 investors are in courts with Cytonn because of its failure to owner obligations.

Cytonn’s investments are organised into four main classes

Private Equity Cytonn focuses in the areas of (a) Banking (b) Insurance (c) Hospitality (d) Education. Real Estate Focusing in the areas of (i) real estate investments (ii) real estate backed fixed income notes and (iii) rent stabilized investments units. With ten Ongoing projects. High Yield Includes: * Cytonn High Yield Solutions (CHYS: For short term investors) * Cytonn Project Notes: For medium to long-term investments Asset Managers Cytonn Asset Managers offers a range of differentiated Unit Trust Products to both institutional and retail investors as well as foreign investors.

Ownership

The company stock is owned by the four founders of the firm. In 2015, the founders sold 10 percent of the company stock to "high net-worth investors". The shareholding in the business is as depicted in the table below. In February 2019, Cytonn's Chief Executive Officer, Edwin Dande, indicated that the firm was considering listing its shares on the

Nairobi Stock Exchange The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in ...

and subsequently cross-listing on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

Controversy

The Kenyan Capital Markets Authority (CMA) on several occasions opened investigations into Cytonn High Yield Solutions (CHYS) and Cytonn Project Notes (CPN). The regulator does not regulate the two funds, which have failed to pay investors upon maturity of their investments totaling Sh13.5bn.

References

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External links