It's possible to negotiate an interest rate of 16% for 1 year fixed term deposit with a first tier bank here in Kenya as an individual

Cytonn also notified clients that the firm is looking forward to listing, “we are already gone through the process of conversion from private to public company and the next move is that we shall be looking to list on a global exchange. The aim of this will be to get to cheaper funding alternatives hence enhancing our capacity to deliver the best possible return to both our clients and our shareholders,” noted Investments Manager, Maurice Oduor, at the event. “We are also looking to start conducting regulated and we have lodged an application with The Capital Markets Authority,” added Maurice.

Our Assets under Management (AUM) has grown by 91.6% in a 1-year period, to Kshs 6.1 bn
from Kshs 3.2 bn in June 2016; and it consists of funds invested in both CMS and CPN
products. The average total spread averaged 4.4% during the half-year period, which is
higher that our 3.0% target spread and a notch higher than the 3.9% average since December
2015. The target spread is the dierence between our CMS cost of funds and the CMS return
/ yield on investments. We have also enhanced our fund raising eorts and have a team that
is focused on institutional fundraising to supplement our high net-worth fundraising eorts.

How Cytonn went public without IPO process