Aha….Cytonn Investments, or whatever they call themselves. We may as well call them Gakuyo or whatever. When I see this name all over, and the good branding and the posh Dande with his shirt folded Obama style, when I see their press releases, their green polo T-shirts, and their projects launches, you know what comes to mind, a better branded Gakuyo.Another scam waiting to happen, maybe the biggest in real estate so far.
See, Cytonn launched their projects a few years ago, the Alma to be precise, pomp, color, Caroline Mutoko, class…all this….and too expensive to buy. 3 years, 3 good years down the line, they tell us they have finished phase 1, well and good. Right now I am standing at my balcony seeing a bigger section of Alma that’s unfinished, there’s another one just next here with rusted, maybe rotten steel bars….all these billions of shillings later, loans, money markets, investments😂😂….rusted steel.
I hear there was Kitengela, sold out, not started, I hear there’s the ridge next to Suraya Fourways Junction, sold out, a crane paid for daily and not even started.
Let me tell you why this reminds me of Gakuyo, and thunder…. because Cytonn, just like Gakuyo, do not know who they stand for, they don’t know if their brand builds, or does Cytonn education, or is in money markets, or sells bread or rooms… or whatever the hell….whats Cytonn btw….you are not Safaricom.
Gakuyo started collecting peoples cash, at …hear this…..20% interest rates per month, when banks were doing 8%…..huh….just like who…your beloved Cytonn, and whats the cash for….investment clubs, paying interest on loans, repaying the fines who paid first because you can’t sell as first…then, …2 billion from Finland sijui where…just like the government is using tax to pay up Chinese SGR loans.
So when I see you running to Cytonn, madam Cytonnaire, because I weep for you, remember Gakuyo investors on Kiambu road, demonstrating? The difference is that Cytonn investors…Cytonnaires have class, they cant get to DCI, they would rather look at pie charts and graphs and weekly emails….ha haaaa…they would rather lose their money in silence….Cytonnaires, the C200 guys, the BMW X5, the second-hand Benz and the Prado people….brands…
For Cytonn to survive, they can only do this several ways, sell faster than Banda, deliver all their projects, and then ask for some more cash and just plainly accept 18 % interest is pure hogwash….
I wouldn’t want to say Kenyans are foolish, but they are outright stupid! Just how do you put your cash in a company you don’t know? Does Cytonn sell bread? Are they in hospitality… suites…? A story for another day….or do they do houses……we all know what Equity does….we all know what Safaricom does…but whats Cytonn….?
Cytonn has several projects cancelled, just the other day was their Kilimani project, simply because they are bullies, this guy, Dande or whoever he is, bribing his way around projects, I was there, I saw it…ask Waititu…. I remember the brown bag, not envelope, bag….
These guys just think that Munga, or whoever it is currently, Munga wa BRITAM..just woke up one day and started….remember those guys stole from Britam to start…… ground mambo ni different.
If you wanna lose your cash, if you want to be somewhere you don’t know, what we call in Kikuyu ….nduri ruaini kana nyamaini…..simply meaning meat that doesn’t know where it is…. it’s not on the skin or its part of the main carcass ….that’s what Cytonnaires or whatever posh names they call themselves are lost. I will tell you sometime about a project called River run.
But all in all….Do not lose your money, unless you have lots of it to run….stupid, funda!