Finnish Minister for Foreign Trade and Development, Kai Mykkanen, who is leading a trade delegation exploring investments opportunities in Kenya, paid a courtesy visit to Cytonn Investments offices at Chancery, as one of leading real estate investments and developers in the market.
Cytonn CEO, Edwin Dande (R)receiving
Mr. Kai Mykkänen, Finnish Minister of Foreign Trade & Development,
and Tarja Fernández, Finnish Ambassador to Kenya at our Cytonn offices.
Minister Kai Mykkanen lauded Kenyan real estate firms in their skills to develop the sector which has contributed to the Kenyan economy. He added that the quality and competence of the real estate sector will largely influence the growth of Nairobi and Kenyan cities.
“In fifty years, there will be a higher urban population in Africa than there will be in Europe. This means that there is great potential in the sector that industry players need to exploit. There is need for Kenyan companies to develop partnerships with Finnish companies that offer real estate services so that together we can improve the sector,” noted Mykkanen.
Mr. Kai Mykkänen, Finnish Minister of Foreign Trade & Development addressing Cytonn staff.
The minister was accompanied by the Ambassador of Finland to Kenya Tarja Fernandez and Deputy Head of Mission Ramses Malaty.
This visit was a culmination of an introductory meeting held yesterday between Cytonn Investments and the Finnish Delegation at Capital club, Nairobi. During the introduction, the minister was impressed by the level of professionalism displayed by the team from Cytonn Investments.
Mr. Kai Mykkänen, Finnish Minister of Foreign Trade & Development with Cytonn staff at Chancery Offices.
Accompanying the Minister was a team of architects, who today morning made a visit to Cytonn Investments offices to make a pitch on their architectural capabilities for the Kenyan Market and possible partnerships with Cytonn Investments.
Minister Kai Mykkanen noted the strong business partnership between Cytonn and Taaleri of Finland, who have so far invested over Kshs. 3 Billion shillings in Cytonn developments such as Amara Ridge and Situ Village in Karen, and The Alma in Ruaka.
Mr. Kai Mykkänen, Finnish Minister of Foreign Trade & Development signing the visitors' book.
Edwin H. Dande, thanks the minister, Taaleri and the Finnish people for the strong support they have given to Cytonn. “Our strong partnership with Taaleri has helped us take on an ambitious development agenda, created over 1,000 jobs and in turn, we have also delivered to their investors very attractive returns with money returned so far to Taaleri delivering over 30% p.a returns.”
