On Thursday 23rd November 2017, Cytonn Investments Management Plc emerged the winners for the Investment Manager - Alternative Investment & Private Equity award category for the Think Business Investment Awards 2017, an improvement from the1st runners-up position in the 2016 awards.
Cytonn team with Chirag Shah and Patrick Kuria of PKF East Africa.
Themed “Finding Opportunities in Uncertainty”, the 9th annual Think Business Investment Awards ceremony was held at the Radisson Blu Hotel in Upperhill, Nairobi. It was facilitated by Mr. Ochieng Oloo, the Founder & CEO of Think Business Africa, a strategic research firm focused on competitive intelligence.
During the event, Mr Oloo touched on the difficulties affecting the overall market during his opening speech, such as interest rate capping law and the political instability, before praising the resilience of Kenya’s investment industry. He quoted an ancient Chinese adage, “may you live in interesting times”, referencing the resilience of Kenyans, and the human race as a whole, and commended their ability to find innovation in the face of adversity. Other speakers emphasized the importance of co-operation of the education and the investments industries, so as to ensure the sustainability of the incoming generation of investors into the industry.
PKF East Africa, one of the big four audit firms in the country, was the judging process partner who oversaw the selection of judges all the way to the judging process. They were also a major sponsor of the awards, together with Strathmore Business School, the Nairobi Securities Exchange, the Retirement Benefits Authority, Business Daily, Infotrak and KSIB. The event was graced by various listed companies, investment managers, investment banks, fund administrators and various pension funds, all eager to be awarded for their efforts towards various achievements. Among companies in attendance were Safaricom Ltd, Nation Media Group, SBG Securities, Dyer & Blair Investment Bank, Kestrel Capital (E.A.) Ltd, British American Tobacco, Britam Asset Managers and Zamara, Liaison Group, Kengen Staff Retirement Benefits Scheme, Genghis Capital etc, each walking away with awards in various categories.
The awards were categorized into four classes: Capital Markets, Collective Investment, Fund Managers and Pension Funds. Cytonn Investments received an award for the best investments manager, Alternative Investments & Private Equity, while Britam Asset Managers came second in the same category. Other notable wins were Dyer & Blair Investments for Research Team of the Year, Britam Asset Managers for Best Overall Fund Manager under Collective Investments category, and Nation Media Group for the Best Overall Quoted Company.