See below e-mail received from their business development team. Note the minimum amount required is Kes 1 million.


Good morning and hope this finds you well.

Please note that our current Cytonn Cash Management Solution Interest Rates for this week are as shown below:
For KES
1&3 months:18% p.a
6 months: 18% p.a
12 months: 18% p.a
For USD
3 months: 4% p.a
6 months: 4% p.a
12 months: 4% p.a

In addition to offering a comprehensive lifestyle, The Alma has a compelling proposition from the off-plan purchase with a potential 28% per annum / annualized return.
Our off-plan purchase prices are as follows:

1 Bedroom: Kshs 5.5 mn
2 Bedroom: Kshs 7.5 mn
3 Bedroom: Kshs 9 mn

Thanks and have a good week ahead.

Business Development Team

I have some cash with Cytonn. Did 1m in Oct 2015 for 3 months at 21% it matured in Jan 2016. I rolled it over for 3 more months @18%. Good thing is they pay monthly. No dramas

For the guy who was asking about USD vs KES, if you were to convert from USD to KES and then back to USD, there could be exchange gains/losses here u need to consider. What if the USD:KES goes from 102,4 to maybe 110?

Also, consider buying the Cytonn shares. They had a private placement last year in March for 10/= per share. They are now :
a) at 40/= and
b) hard to come by
c) there is a plan for listing

The Alma, in Ruaka, we got an early bird offer @4.675m in Sept 2015. Thats for the 1 bed. Up by 900k so far figuratively speaking.

yes sir...I believe so.

are the rates before tax? Do they deduct any costs?

Have been getting average of 15% last 4 months from CIC. Am happy here because of the tall uncle called Coop bank ... Major shareholder. Cytonn maybe OK but they can also pull a first like they did at Britam. That bomas project is facing some resistance from majirani.Reason EIA was not transparent. But all in all if they operate above board they will go places.

There are too many suckers in Kenya. So many fly by night guys come and go, and no one learns that when a firm is offering returns well above market, something is wrong.

Cytonn pays Sh220m debt owed to Finnish PE firm

Cytonn Investments has paid Sh220 million owed to Finnish PE firm Taaleritehdas Private Equity Funds (TTA), giving the fund what Cytton said is a return of 54 per cent on the short-term debt.

Cytonn chief investment officer Elizabeth Nkukuu said the Sh220 million payment is inclusive of total returns due to the Finnish firm.

The note was part of the Sh1.4 billion Cytonn raised in September from local and foreign investors in a private placement to fund its real estate projects.

The debt was used as bridging financing for some of the firm’s real estate projects. Payment of such notes usually indicates that the borrower has secured longer-term financing from financial institutions at lower interest rates.

READ: Cytonn, Finnish firm break ground for Sh1bn Karen homes

“The note was structured at a market rate cost of funds of 18 per cent plus participation in the capital appreciation achieved during the period the note was outstanding, bringing the total annualised return earned by TTA to 54 per cent,” said Ms Nkukuu in a statement.

“TTA has financed over Sh2 billion of Cytonn projects and we are very glad to have demonstrated to them our capabilities in structured financing and commitment to our financiers by starting to return some of that capital in less than a year.”

The two firms are partnering in real-estate projects, including the high-end Amara Ridge in Karen worth Sh1 billion.

Watch this thread. There will be many guys who lose their money to this scheme.

remember I said it here.