Cytonn

[Mtumsafi]

Investors called for talks on ailing Cytonn funds

Investors in two struggling investment funds invited for meetings next month to deliberate on the fate of the wealth.

nation.africa

Investors in two struggling Cytonn Group investment funds, currently under administration, have been invited for meetings next month to deliberate on the fate of the wealth.

Cytonn High Yields Solutions (CHYS) LLP and Cytonn Real Estate Project Notes LLP(CPN) — were placed under administration by High Court judge Alfred Mabeya in October last year following an application by chief executive Edwin Dande.

The funds' administrator Kereto Marima said the maiden meetings with investors in CHYS and CPN will be held on March 4, and March 2,2021, respectively.
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[Makhalanganga]

Mimi midocras wakitombwa na strategic partner sioni shida mahali popote.

 

[The.Black.Templar]

Mimi midocras wakitombwa na strategic partner sioni shida mahali popote.

Yea wacha hizo pesa zikunywe maji they deserve it

 

[mkurugenzi]

Yea wacha hizo pesa zikunywe maji they deserve it

Why?

 

[kibinda nkoye1]

Yea wacha hizo pesa zikunywe maji they deserve it

I also ask the same why staff member?

 

[Makhalanganga]

I also ask the same why staff member?

We are on record cautioning the midocras as early as 2018 on the dangers of investing in an obscure vehicle promising abnormal returns in an economy experiencing a downturn. Specifically, we warned against any investment whose basis was real estate. Personally I am on record calling out cytonns cash flow statement as well as their then practice of booking land revaluations to pad up the numbers. Well we were laughed out of town by suave investors aka midocras wajuaji. Walikuwa wanajiita cytonnaires wakikunywa whisky ya kariobangi na kuongea kizungu ya mapua. Ona sasa. Mbona nisisikie some satanic satisfaction wakitombwa na partners?