Browsing: Cytonn Investments

• Land Investment in the Nairobi Metropolitan Area is the only sector projected for growth in 2023 according to the latest data from Cytonn Investments. 
• Land has continued to establish itself as a reliable investment opportunity, displaying great resilience even during times of economic hardship in the COVID-19 period, and a depreciating Kenyan currency. 
• The investment opportunity lies in satellite towns; Juja, Utawala and Limuru for unserviced land, for serviced land, investment opportunity lies in Syokimau and Ruiru-Juja which recorded the highest annualized capital appreciations 

Land Investment in the Nairobi Metropolitan Area is the only sector projected for growth in 2023 according to the latest data from Cytonn Investments. 

The report states that land has continued to establish itself as a reliable investment opportunity, displaying great resilience even during times of economic hardship in the COVID-19 period, and a depreciating Kenyan currency. 

Some of the factors that  will contribute to the …

• The Kenyan shilling depreciated by 0.3 per cent against the US dollar between July 18 and 22, 2022, to close the week at KSh 118.6, from KSh 118.3 recorded the previous week
• Analysts from Cytonn Investments attributed the depreciation to increased dollar demand from the oil and energy sectors against a slower supply of hard currency
• On a year-to-date basis, the shilling has depreciated by 4.8% against the dollar, higher than the 3.6% depreciation recorded in 2021

The Kenyan shilling depreciated by 0.3 per cent against the US dollar between July 18 and 22, 2022, to close the week at KSh 118.6, from KSh 118.3 recorded the previous week.

Analysts from Cytonn Investments attributed the decline to increased dollar demand from the oil and energy sectors against a slower supply of hard currency.

On a year-to-date basis, the shilling has depreciated by 4.8% against the dollar, higher than the 3.6% …

• A report by Cytonn Investments expects 2022 to register lower investor sentiments
• The performance would be affected by several reasons, including a cautious stance by investors who will be monitoring the election proceedings
• The report also foresees an increase in Eurobond yields as concerns over Kenya’s high debt-to-GDP ratio persists

As Kenya heads to General Elections this August, economic experts now expect 2022 to register lower investor sentiments.

In a new report, Cytonn Investments said the performance would be affected by several reasons, including a cautious stance by investors who will be monitoring the election proceedings.

The report also foresees an increase in Eurobond yields as concerns over Kenya’s high debt-to-GDP ratio persists and an expected depreciation of the Kenyan currency as a result of increased oil prices globally and high debt servicing costs.

“The investment performance is largely affected by the market sentiments on the macro-economic indicators of an …

• Land prices in Nairobi’s suburbs and towns maintained a mild upward growth in the fourth quarter of 2021
• Prices in the suburbs increased by 0.34 per cent over the quarter, while in the satellite towns, growth stood at 1.4 per cent
• The appreciation was on the back of several factors including the implementation and conclusion of vast infrastructure projects promoting accessibility and opening up areas for Real Estate investments
• Gross loans advanced to the Real Estate sector increased by 3.2 per cent to KSh 463.0 billion in the third quarter of 2021, from KSh 448.0 billion in the first half of 2021

Land prices in Nairobi’s suburbs and towns maintained a mild upward growth in the fourth quarter of 2021.

Data collected by property experts HassConsult indicated that prices in the suburbs increased by 0.34 per cent over the quarter, while in the satellite towns, growth stood at 1.4 per …

Cytonn Investments has filed an application with the Capital Markets Authority (CMA) to register a Development Real Estate Investment Trust, (DREIT), seeking to raise Ksh2.0 billion(US$19.3million) of capital.

The DREIT, which is innovatively structured to pay a coupon over the life of the development, will be deployed for the first phases of two of the firm’s real estate projects, The Ridge in Ridgeways, and RiverRun Estates in Ruiru.

READ ALSO:Cytonn granted REITs manager license ahead of NSE launch

This capital raise is envisioned to help Cytonn diversify funding sources for their real estate development pipeline, which has a project value of over Ksh82.0 billion (US$269.9million).

The leading alternative investment management firm in the East African Region (Cytonn) has traditionally relied on private sector funding, which while easier to access, has been more expensive.

This has thus necessitated the development of alternative sources of funding, allowing development of institutional-grade real …

Money Market Funds remain the largest Unit Trust Fund

Unit trust fund investments in Kenya recorded a 4.3 per cent growth in 2018, latest industry data shows, as investors moved to deepen the capital markets and provide alternative funding for businesses.

During the year, Total Assets Under Management (“AUM”) held by Unit Trust Fund Managers grew to Ksh58.0 billion (US$574.8 million) up from Ksh55.6 billion (US$551 million) recorded in 2017.

This came as the money market funds continued to be the most popular product with the AUM held by Money Market Funds, having grown by 8.9 per cent to Ksh48.5 billion (US$ 480.6 million) in 2018

This was up from Ksh44.5 billion (US$441 million) recorded in 2017, a report by investment firm-Cytonn shows, indicating that Money Market Funds are growing faster than the overall market.

CIC Asset Managers recorded the strongest growth in AUM of 36.3 per cent to Ksh20.3 …