Investors report Cytonn to markets watchdog over Sh122m default

Cytonn founder Edwin Dande. 

Photo credit: File | Nation Media Group

What you need to know:

  • The 13 investors claim Cytonn has delayed payments of between Sh500,000 and Sh25 million.
  • CMA warns that Cytonn is at risk of defaulting further on investors obligation.

Investors have filed complaints with the Capital Market Authority (CMA) against investment firm Cytonn for failure to pay Sh122.8 million upon maturity of funds in one of its pools.

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