Centum’s CEO James Mworia is now launching the Terrific Green USD I-REIT (aka I-Triffic REIT) to finally capitalize on the growth of service-based exports from Kenya. Think about it, Kenya’s service exports in terms of human capital and professional services have surpassed agricultural exports as the single largest foreign exchange earner.
I found this quite interesting. Increasingly, we are seeing more call centers based in Kenya, digital service offerings based in Kenya and a whole lot of other setups. Centum basically provides office space to such firms and because these companies make money in hard currency, they are able to offer a wide range of operational services, package them and sell to these companies in the form of rent. They have a flagship building tower in one of their economic zones. I see this as a potentially huge opportunity for retail investors - especially now that MMFs and Treasury Bills are reducing payouts due to the CBK rate reduction efforts…aka quantitative easing. James mentioned that the initial minimum capital required from individuals is $5,000 and the expected earnings are 8%, paid out in USD. This is a great alternative for people who can’t invest in offshore ETFs.
As village elders like @Yuletapeli and @Landlord look towards diversifying their real estate portfolio, this i-REIT by Centum is really worth looking into. As more investment flows into Kenya, it is clear that the value of such financial vehicles will keep going up. I am linking the youtube video where Mworia discusses this new financial offering for your reference. As always, this is not financial advice and you’re highly encouraged to carry out your due diligence.
