Mi Vida's capital raising plan | Business Redefined

Mi Vida’s Samuel Kariuki is on a mission to turn Kenya’s rather sluggish Real Estate Investment Trusts (REITs) market on its head. He is seeking the Capital Market Authority’s approval to issue the first REIT which offers investors a redemption sweetener in what he believes will be a solution for the shallow secondary trading market and hopefully woo more investors into the asset class. The residential housing units developer seeks to raise Sh5.0 billion through a development REIT to finance its construction pipeline. He sat down with Julians Amboko to discuss the company's latest capital raising plan.

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