NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ The Nairobi Securities Exchange (NSE) sees a positive outlook for the private bond market in Kenya, urging investors to seize the opportunity to reap dividends. Speaking at the official launch of trade on Kenya Mortgage Refinance Company PLC (KMRC) bond at the bourse, […]
Tag: centum investment
Centum appoints Risper Alaro as Group Finance Director
Risper Alaro appointed as Group Finance Director at Centum [Courtesy] Centum Investment Company PLC has appointed Risper Alaro as the Group Finance Director effective March 15, 2022. Alaro, who was on a three-year sabbatical leave, previously served Centum in various leadership capacities for a period of 18 years. She established Centum Business Solutions Ltd and […]
Centum appoints Risper Alaro as Group Finance Director
Risper Alaro appointed as Group Finance Director at Centum [Courtesy] Centum Investment Company PLC has appointed Risper Alaro as the Group Finance Director effective March 15, 2022. Alaro, who was on a three-year sabbatical leave, previously served Centum in various leadership capacities for a period of 18 years. She established Centum Business Solutions Ltd and […]
Centum appoints new Finance director
Centum Finance director Risper Alaro Alaro rejoins Centum after being away on sabbatical leave, she takes over the role from Wambua Kimeu, who has resigned to pursue other interests after working at Centum for a total of 7 years. She established Centum Business Solutions Ltd and served as its first Managing Director from 2014, leading […]
NSE faces uphill task wooing back and retaining investors
Whenever government-issued infrastructure bonds come up for auction, they spur investor participation owing to their good returns and tax-free nature. Investors at the NSE, however are less active until the Kenya general election takes place in August. PHOTO | FILE The EastAfrican has learnt that NSE’s desertion has also been compounded by shrinking household incomes […]
High investor confidence as KMRC’s bond oversubscribed
Ongoing construction of the Pangani Affordable Housing Programme on January 21, 20222 The first tranche of the Sh10.5 billion unsecured Medium-Term Note (MTN) issued by Kenya Mortgage Refinance Company (KMRC) has been oversubscribed by 480 per cent. The state-owned mortgage financier issued Sh1.4 billion mid-last month but received offers worth Sh8.1 billion. The Capital Markets […]
Centum cleared in Coke, KRA battle over Sh3.7bn
Centum Investment Company #ticker:CTUM has been spared from compensating the buyer of its Coca-Cola bottling businesses Sh3.7 billion after the Supreme Court stopped the Kenya Revenue Authority (KRA) from demanding the billions. The company in 2019, sold its 27.6 percent stake in Nairobi Bottlers and 53.9 percent interest in Almasi Beverages — the owner of […]
KMRC to repay bond principal annually
The Kenya Mortgage Refinance Company (KMRC) will repay the principal on its Sh1.4 billion corporate bond each year in a rare strategy that will reduce interest earnings for investors while fast-tracking the redemption of the debt. It will also lower the investment risk of the debt –which is unsecured and not guaranteed— unlike most corporate […]
KMRC to float Sh10.5bn bond to lower mortgage rate
National Housing Cooperation houses in Kilimani, Nairobi /JACK OWUOR Kenya Mortgage Refinance Company (KMRC) can now float Sh10.5 billion Medium-Term Note after clearance by the Capital Markets Authority’s (CMA). The state-owned mortgage financier plans to issue the private bond in several tranches, starting with one for Sh1.4 billion which will be disbursed to participating primary […]
Centum school wins Sh3bn tax row with KRA
Sabis International School at Runda in Nairobi. PHOTO | SALATON NJAU | NMG A leading international school partly owned by Centum Investments , Investbridge Capital, and SABIS has won a Sh3.1 billion tax dispute with the Kenya Revenue Authority (KRA) over the construction of the school in Kiambu county. The taxman had dismissed a Sh3.1 […]