President Ruto inaugurates first Income-Real Estate Investment Trust listing at NSE
President William Ruto inaugurated the first Income-Real Estate Investment Trust (I-REIT) listing at Nairobi Securities Exchange (NSE) on March 22, 2023.
The Local Authorities Pension Trust (LAPTRUST) listed the first I-REIT to be issued by a pension fund at NSE.
Ruto said Kenya’s economic market is robust, competitive, and energetic, and by saving, Kenyans at the bottom of the economic pyramid can become lenders.
In addition, the head of state made fun of Raila’s announcement of biweekly protests by saying he was looking forward to those two days being the busiest at the NSE.
“I am looking forward to days in the very near future when we will be reporting every Monday and Thursday to be the days that were traded highest in the Nairobi Stock Exchange,” he said.
The LAPTRUST Imara I-REIT, which is run by CPF Financial Services, provides investors with a special chance to fund a diverse portfolio of income-producing real estate assets. It is anticipated that the listing of LAPTRUST Imara I-REIT will inspire other pension plans that are substantially invested in physical assets to release cash for the benefit of retirees.
Hosea Kili, the managing director of CPF Financial Services Group, asserts that this asset class has a tremendous amount of promise because it offers investors both capital growth and rental income, making it a desirable investment for those seeking consistent returns.
“Pension funds have traditionally been reluctant to invest in real estate, but with the introduction of innovative asset instruments such as REITs, they can now access the huge potential of property-backed investments. The enormous potential of this asset class is that it provides investors with both capital growth and rental income which makes it an attractive investment for those looking for steady returns,” he said.
The NSE Chairperson, Kiprono Kittony, noted that the listing of LAPTRUST Imara I-REIT is an important development for NSE and Kenyan capital markets.
“The listing of LAPTRUST Imara I-REIT is a testament to the growing issuer confidence in our markets and the attractiveness of Kenyan real estate sector as an investment destination,” Kittony said.
According to Ugas Mohamed, the chairman of the Capital Markets Authority, REITs provide investors with a special opportunity to invest in the real estate market, including those who might not have the resources or knowledge to buy actual properties.
“The upscaling of Real Estate Investment Trusts (REITs) as a capital markets product is quite timely as the product can unlock the potential of the real estate industry. REITs offer investors a unique opportunity to invest in the real estate market, including those who may not have the capital or expertise to invest in physical properties. This is an ideal investment vehicle for Mama Mboga and the Boda Boda community. As a capital markets industry, we have an opportunity to also contribute to the national agenda by facilitating investments in affordable housing projects,” he said.
Job Kihumba, Executive Director Corporate Finance, Standard Investment Bank, who were the lead Transaction Advisors for LAPTRUST Imara I-REIT observed that “we reiterate our commitment and appreciate the leadership of President William Ruto and insightful understanding of Kenya’s economic drivers including the capital markets. We are confident that under your leadership Kenya will make great strides.”
The Income REIT gives investors a special chance to fund a diverse portfolio of real estate assets that generate income while simultaneously enjoying the possibility for these assets’ capital appreciation.
Shows
See AllAM Live
AM Live is NTV's morning current affairs show that sets the agenda for the day with insightful panels every weekday.
Business Redefined
Business Redefined is Kenya’s premier thought leadership platform for unpacking matters regarding economic and finance policy as well demystifying complex developments in the region’s capital markets.
Comedies
A collection of our premium content. Diam curabitur vehicula A collection of our premium content. Diam curabitur vehicula
Documentaries
A collection of our premium content. Diam curabitur vehicula A collection of our premium content. Diam curabitur vehicula
Entertainment
A collection of our premium content. Diam curabitur vehicula A collection of our premium content. Diam curabitur vehicula
Full Episodes
A collection of our premium content. Diam curabitur vehicula A collection of our premium content. Diam curabitur vehicula
Gumzo La Sato
Gumzo La Sato is a live social issues show that aims to create awareness about issues affecting the larger society. The discussions range from Parenting, Marital bliss and struggles, Oppression, violence, and all matters of the Heart.
Health Diary
Health Diary is a weekly show that highlights different types of diseases/conditions and seeks ways to prevent, treat/manage them. The show debunks this through real life stories and also feature specialists in different fields, to offer medical advice on the same.
Letter To My Younger Self
Letter To My Younger Self is a podcast where guests get to write a letter to their younger self, from which Maxine formulates questions to ask them during the hour-long show.
Nation Reports
Nation Reports is a weekly podcast offers an opportunity for listeners to interact with various reporters and journey with them as they unravel the biggest most emotive stories.
One Health Lens Podcast
Discussing health matters and human stories from Kenya and across Africa. We talk big picture from people to policy, ecosystems, and everything in between. Follow us on LinkedIn: https://www.linkedin.com/company/onehealthlens
Paradise Lost
Paradise Lost peeks through the story of Louis Otieno, the times, and everything in between.
Primetime
A collection of our premium content. Diam curabitur vehicula A collection of our premium content. Diam curabitur vehicula
Speaking of GEN Z
Speaking of Gen Z brings you entertaining but meaningful conversations about a generation that is trying to navigate through adulthood. Join hosts Michelle, Jackie and Esther as they unravel all things Gen Z.
Sport On
Sport-On is a 30-minute sports magazine show on NTV and 3 hours on NATION FM. The show seeks to give the sports “fanatics” and “funatics” comprehensive and in-depth coverage of sports both locally and internationally.
Tech-over
The extent of technological growth is beyond mere acknowledgment; it has seamlessly integrated into our daily existence. A few years ago, the notion of paying electricity bills through mobile money or recharging with 'tokens' in Kenya seemed inconceivable. Online product sales were considered distant, and artificial intelligence is rapidly reshaping various facets of our lives. Amidst these technological leaps, those with a solid understanding of tech can navigate challenges, seize opportunities, and build a sustainable livelihood. Tech over Show aims to be the platform facilitating discussions among thought leaders, innovators, tech companies, and the government, addressing challenges and opportunities in Kenya's thriving tech industry.
Thamani
Thamani is a business show which is dedicated to emerging issues regarding micro, small and medium size businesses.
The Politalk podcast
This is The Politalk podcast. Here we look into the ins and outs of everything Kenyan politics. We pull no punches and have no reason to sugarcoat anything that matters to Kenyans.
The Trend
A two-hour-long live show that airs on Fridays. The show focuses on what is current in the entertainment industry, controversial and popular across all media platforms targeting those aged between 25 and 35 years.
The trend podcast
The trend podcast highlights and captures the best of banter from #TTTT segment that airs every Friday on NTV. It's the TTTT EXTRA
The Wicked Edition
The Wicked Edition with Dr. King’ori seeks to address serious issues through humour and relatable wit. It is a two-part half hour show filmed in front of a live audience
Trending
A collection of our premium content. Diam curabitur vehicula A collection of our premium content. Diam curabitur vehicula
Twende
Twende is a travel show that highlights beautiful, unique, diverse locations, people, and cultures. The show offers fresh perspectives on familiar locations and memorable experiences in new ones.
Unscripted
This Saturday evening lifestyle show lets viewers share their stories and life experiences as openly & honestly for the purpose of shifting the culture of silence.
VIP Access
VIP ACCESS is Anyiko Owoko’s YouTube and podcast show on Music and Culture dedicated to promoting Africa’s most promising talent and creatives. This podcast grants you VIP access into timeless interviews while providing a platform for rising as well as established artists across the continent. Since launching in 2018, Anyiko has interviewed over 70 African music stars.
WADR
This weekly news show aims to have all sides of debate but not be constrained by it, listen to main voices in the contest but not allow them to hold the viewers hostage, entertain debate but allow push back with all due respect.
When death do us part
In this podcast, three widowers openly speak about the process of grief, how they found themselves exposed to the emotional turmoil of losing their wives, and how society still does not know how to deal with them.
Your World
Your World is a health, wellness and variety show. It provides a platform for audiences and experts to share their experiences on how to improve or manage health issues, across Kenya and the Africa region.