Cytonn yet to get CMA fund manager licence a year later

The proposed Cytonn Asset Managers will be headed by Maurice Oduor. FILE PHOTO | NMG

Real estate-focused private equity firm Cytonn says it has to wait another month to know whether the regulator will grant it a licence applied for a year ago to set up a fund management unit.

Cytonn on Tuesday said it expects feedback from the Capital Markets Authority (CMA) in a month.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.