Sharp Daily
No Result
View All Result
Thursday, October 30, 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

From paycheck to progress: how I learned to make every salary count.

October 29, 2025

Real Estate project financing models shaping successful developments

September 12, 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

Domestic investors drive NSE recovery as foreign activity slows

October 30, 2025
News

ICPAK introduces UDIN system to enhance audit integrity and public trust

October 30, 2025
News

Who Should Invest in a Money Market Fund

October 29, 2025
News

Eastern Africa’s unified spectrum strategy to boost broadband

October 27, 2025
News

Start Q4 strong with the Cytonn Money Market Fund

October 9, 2025
News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025

LATEST STORIES

Domestic investors drive NSE recovery as foreign activity slows

October 30, 2025

Kenya’s “too stable” shilling: Market confidence or policy management?

October 30, 2025

ICPAK introduces UDIN system to enhance audit integrity and public trust

October 30, 2025

SASRA warns auditors over SACCO reporting failures

October 30, 2025

Kenya’s Sovereign Wealth Fund: A new path to sustainable growth and fiscal stability

October 30, 2025

Why saving in a money market fund beats a regular bank account

October 30, 2025
Trucks crossing the Namanga border between Kenya and Tanzania

Tanzania Elections 2025: How Political Outcomes Could Affect Kenyan Trade and Travel

October 30, 2025

Building Financial Stability Through the Cytonn Money Market Fund

October 30, 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