The Capital Markets Authority (CMA) has granted approval to Centum Real Estate Limited (Centum Re) to issue secured zero-coupon and secured zero-coupon equity-linked Medium-Term Notes of Kshs4 billion, with a green shoe option of Kshs2 billion. The offer, a restricted issue, targets sophisticated investors who are sufficiently versed with the risks associated with the notes, […]
(Adds details, outlook, share price) NAIROBI, Nov 27 (Reuters) – Kenya’s Centum Investment Company expects a better second half performance, lifted by a resumption in dividend payments from some of the companies it has shares in, its chief executive said after it posted a first-half loss. Centum swung to a loss in the six months […]
Credit: REUTERS/SIEGFRIED MODOLA NAIROBI, Nov 27 (Reuters) – Kenya’s Centum Investment Company CTUM.NR said on Friday it swung into a 2.05 billion shillings ($18.67 million) pretax loss in the first half from a 7.72 billion shilling profit in the year ago period, hit by effects of the COVID-19 pandemic. The firm, which owns shares in […]
NAIROBI (Reuters) – Kenya’s Centum Investment Company said on Friday it swung to a loss in the first half, due to pandemic-induced market uncertainty, though lean performances were offset by its cash and marketable securities holdings. The firm, which owns shares in listed and non-listed companies in the manufacturing, banking and publishing sectors, marked pretax […]
Businessman Chris Kirubi is investing billions of shillings in affordable housing in a move that will further spread his portfolio and that of his companies across more sectors. This comes as the investment firms, Two Rivers Development and Centum Investment Group, in which Mr Kirubi holds majority stakes, move to divest from commercial property development […]
Businessman Chris Kirubi is investing billions of shillings in affordable housing in a move that will further spread his portfolio and that of his companies across more sectors. This comes as the investment firms, Two Rivers Development and Centum Investment Group, in which Mr Kirubi holds majority stakes, move to divest from commercial property development […]
(Adds details, outlook, share price) NAIROBI, Nov 27 (Reuters) – Kenya’s Centum Investment Company expects a better second half performance, lifted by a resumption in dividend payments from some of the companies it has shares in, its chief executive said after it posted a first-half loss. Centum swung to a loss in the six months […]
Centum Investments Ltd plans to scale down investments in real estate. PHOTO | FILE The firm, listed on the Nairobi Securities Exchange (NSE) and cross-listed on the Uganda Securities Exchange (USE), is seeking to invest close to Ksh6 billion ($54 million) in shares of private companies over five years. Acquisition is part of the firm’s […]
Samuel Kariuki, Managing Director of Centum Real Estate The Capital Markets Authority (CMA) has granted approval to Centum Real Estate Limited (Centum Re) to issue secured zero-coupon and secured zero-coupon equity-linked Medium-Term Notes of Sh4 billion. This is with a green shoe option of Sh2 billion. The offer, a restricted issue, targets sophisticated investors who […]
Packaging and selling air has turned out to be one of the most lucrative ventures this year. And if everything goes according to plan billionaire Baloobhai Patel is set to breathe a profitable air for years to come. Carbacid Investments in a joint partnership with Aksaya Investments has placed a Sh1.2 billion takeover bid for […]
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