We would like to thank our Chairman, Mr. Kris Senanu and the entire Board under whose leadership and guidance, we have received consent to register and launch a Collective Investment Scheme/fund in the market. We also want to appreciate the support of our partners: Funds Trustee & Custodian - Stanbic Bank Kenya Limited and Fund Manager - Genghis Capital Limited. The CIS, a Proptech solution/fund whose focus will be to provide offtake to registered property developers and affordable housing projects under the Affordable Housing Programme, boosting plans by the government to build more affordable houses.
The fund comprises of the Amaka Home Ownership Saving Platform Fixed Income Fund, accessible through the BomaYangu Portal and the Amaka Qualified Investor Tenant Purchase Schemes Fund. Amaka Home Ownership Saving Platform Fixed Income Fund allows potential homeowners to save towards home ownership with their investment earning a return.
The Amaka Qualified Investor Tenant Purchase Schemes Fund allows for offtake to projects and developers while giving potential homeowners the opportunity to own homes through a Tenant Purchase Scheme. The Capital Markets Authority through the Amaka Fund injects new hope to the over 33,000 Kenyans actively contributing on the BomaYangu Portal to finally be allowed to participate in and own homes through an affordable Tenant Purchase Scheme.
Also exciting, is the promise of offtake to registered property developers on the BomaYangu Portal and other private property developers who will access bankable offtake guarantee for their projects.
This is a first in the property development space and we are excited to be on hand to provide Kenyans with a positive life-changing experience.
Our sincere appreciation and gratitude to the Capital Markets Authority in its quest to support MSMEs access funding through the Local Capital Markets and an encouragement to local tech companies to advance their innovative tech solutions.
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