Capital Markets Authority Approves Kenya's First Real-Estate Investment Trust
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The Capital Markets Authority (CMA) has granted approval to the first Income Real Estate Investment Trust Scheme (REIT) in Kenya, Fahari I-REIT, which is to be issued by Stanlib Kenya Limited. The approval is issued pursuant to Regulation 18 of the Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations, 2013.