On Monday 25th September, Cytonn Investments held a dinner for potential clients, stakeholders and investors in Kampala, Uganda, as part of their regional expansion plan. The dinner was held after the release of the Kampala Real Estate Investment Market Report, which identified the key regions in Kampala where real estate development was likely to fetch attractive investment returns. The report dubbed “A Pearl of Opportunity” showed that the Kampala real estate market offered an attractive investment opportunity with average rental yields of 6.8% in residential, 10.6% in commercial office, and 10.2% in retail, with the investment opportunity being in middle-income residential housing and Grade A office spaces in the city, especially Kololo.
Speaking during the dinner, Captain Mike Mukula, an accomplished businessman, commended the Cytonn team for venturing into the Uganda Market. He noted that Uganda was ready for the entry of Cytonn Investments into the market. “We have a ready and capable work force and we are excited about the new opportunities this presents to us as Ugandans" he added.
The dinner was quite interactive with most people giving anecdotes of how the Kampala market operates. "Kampala is the first region we are venturing into, driven by the data that supported the move as part of our regional expansion" noted Edwin H. Dande, Cytonn's Managing Partner and C.E.O. "We are currently conducting research in Ghana with the intention of expanding regionally there as well should the market be attractive" he added.