CMA finally grants Cytonn licence for fund management

Cytonn Investment analyst Caleb Mugendi speaks during the release of the firm’s 2O18 market outlook in Nairobi in February. PHOTO | salaton njau

The Capital Markets Authority (CMA) has finally granted a fund manager’s licence to Cytonn Asset Managers Ltd after a one-and-a-half year wait.

This brings the number of licensed fund managers in the country to 27 with nominal total assets under management of Sh1.13 trillion as at December 31, 2017.

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