The country’s financial regulators led by the Central Bank of Kenya (CBK) have warned on the liquidity risks facing fund managers and pension schemes with an exposure to real estate. “The activity in the real estate sector declined in 2019. Pension funds are among those who have a significant exposure to real estate with credit from the real estate sector growing 3.8 per cent in 2019. Real investment firm Cytonn has also been on the spot over allegations of inability to pay matured investor claims. This is part of a protracted legal battle between CMA and the real estate investment firm’s Cytonn High Yield Fund.

Source: Standard Digital December 12, 2020 09:45 UTC