Press "Enter" to skip to content

Cytonn eyes Africa in expansion plans

Cytonn Investment Management Plc has embarked on a process that will see it expand services in Kenya and Africa to fulfil the Alternative Investments Inclusion Agenda as well as redefine real estate investments. Speaking during the launch of a Sh6 billion project in Nyeri county, the firm’s chief executive Edwin Dande said entry of the company into the Mt Kenya region was part of the firm’s commitment to entrench the company’s alternative investments solutions offer into the region.

“We spent the first phase of our growth focusing on the Nairobi Metropolitan Area, where we have more than Sh82 billion of real estate projects. Our clients, especially institutional clients, are now demanding diversification, both locally and into other African markets,” said Dande. Dande said opening of the Nyeri office will allow the firm tap into the vast real estate investment opportunities the region offers.

“In sub-Saharan Africa we are looking into Uganda, Tanzania, Rwanda, Ghana and Nigeria. We already have strong partners in all the markets and an active deal is on the pipeline,” he said. The Nyeri office brings the total number of offices by Cytonn Investments Management Plc to six. Senior manager regional markets Johnson Denge said the development aims at tapping into the vast real estate opportunities in the region. “We are about to embark on deploying more than Sh6 billion towards mixed-use developments and hospitality,” said Denge.

Copyright © 2018 The Nairobi Observer: 2016-2018