Sharp Daily
No Result
View All Result
Tuesday, June 3, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Parliament Postpones Cytonn CEO’s Invitation to Parliament

Domenic Ntoogo by Domenic Ntoogo
February 6, 2023
in News
Reading Time: 2 mins read
Edwin Dande CEO Cytonn Investments (Real Estate Company)

Following a Petition by investors in a Cytonn Real Estate Fund dubbed CHYS, Cytonn Investments Chief Executive Officer (CEO) Edwin Dande has been invited to parliament’s Committee of Public Petitions.

In a letter seen by the SharpDaily, the Office of the Clerk of the National Assembly notes that the meeting and presentation is intended to discuss issues surrounding the real estate investments “in order to facilitate its consideration.”

Read: Cytonn Investors Can Now Smile As The Company Initiates Restructuring Process

The invitation stems from a petition lodged in the National Assembly by a section of real estate investors who wants real estate companies to engage them consistently on the fate of their investments in the wake of biting inflation and the continued recovery from the pangs of COVID-19.

RELATEDPOSTS

Cytonn Money Market Fund Records 250% Profit Growth in 2024

April 3, 2025

Cytonn investments launches first-ever virtual assistant in Kenya’s investment landscape

March 11, 2025

“The purpose of this letter is to invite you to attend the said meeting to be held on Tuesday, 7th February 2023 from 10:00 a.m. for purposes of providing information on the issues raised,” reads a section of the letter.

The engagement meeting will take place at the Continental House in parliament buildings, where the CEO, accompanied by key technical officers, will address the committee.

Read: High Court Bars CMA, Its Director Abubakar Hassan, And KASIB Director Rina Hicks From Making Further Defamatory Statements Against Cytonn

Dande has been a fierce critic of the current regulations on real estate, particularly the Real Estate Investment Trust (REIT), which he says are long overdue and meant to scare most investors and make it sacred for a chosen few.

“It’s been 10 years of talking and conferencing about REITs, yet not a single Kenyan lives in a house developed with a REIT, when will we accept that we need to make some changes?” said Dande in one of the recent social media posts.

The seasoned Wall Street investment banker points towards the mandatory minimum investments of Ksh. 5 million, which is required to qualify to invest in REIT, saying the amount is too high for most Kenyans, hence seemingly calculated to exclude most Kenyans from capital markets to the benefit of the banking sector.

Email your news TIPS to editor@thesharpdaily.com

Page 2 of 2
Prev12
Previous Post

Central Bank Approves Acquisition Of Assets Of Spire Bank By Equity Bank

Next Post

12 More Digital Lenders Licensed By CBK

Domenic Ntoogo

Domenic Ntoogo

Related Posts

News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025

LATEST STORIES

Best investments for Kenyan seniors: Secure, predictable & low-risk

May 30, 2025

Why June is the Secret Sweet Spot for Travel

May 30, 2025

Strategies to elevate more women to corporate leadership

May 30, 2025

Tap on Kenya’s 2025 tech revolution

May 30, 2025

How CURBS supports employers and employees

May 30, 2025

NSE deserves more attention from young investors

May 29, 2025

The silent strain of remote work on Kenya’s urban workforce

May 29, 2025

How Kenya’s crypto bill could reshape the digital economy

May 29, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024