From left: BOC Kenya managing director Marion Mwangi and Ruaraka Neema Uhai Hospital administrator Gabriele Beacco after the company installed a bulk medical oxygen tank at the hospital. 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 […]
Centum Investment Group #ticker:CTUM has posted Sh1.98 billion half-year net loss, hurt by a drop in both sales and investment income. The performance was a stark contrast from Sh6.79 billion net profit in a similar period last year. The huge decline was majorly contributed by the absence of any one-off benefits as was the case […]
Centum Investment Group Chief Executive James Mworia (left) with Group Finance Director Wambua Kimeu during the company’s half-year results announcement and investor briefing at Two Rivers Mall yesterday. [Courtesy] For decades now, Centum Investment has closed some of the hottest business deals across East Africa, creating billions of shillings for shareholders. This year, the deals […]
The banks led the top movers’ table at the Nairobi Securities Exchange (NSE) Tuesday. The top mover was Equity Group with 4.74 million shares and a market capitalization of 134.53 billion shillings. The second top mover at the bourse on Tuesday was Absa Kenya having sold 4.09 million shares with a market capitalization of 51.06 […]
KCB Group kicked off the week as the top mover of the day after selling 4.41 million shares with a market capitalization of 118.25 billion shillings followed by Safaricom with 2.24 million shares with a market capitalization of 1.28 trillion shillings. East African Breweries and Equity Group sold 827,100 and 669,500 with a market capitalization […]
NAIROBI, Kenya, Nov 27 – Centum Investment PLC announced a decline in Group Profit After Tax and recorded a loss of Sh1.9 Billion for the six months to September 2020 down from a consolidated profit of Sh6.9 Billion in the prior period. The decline in performance was largely on account of a significant drop in […]
Centum Real Estate, a subsidiary of the NSE-listed Centum Investment Company, has opened a KES4bn project bond issue to finance its ongoing housing projects. “The bond offers an opportunity for investors to get a piece of Kenya’s real estate pie without taking the risk of getting involved in actual development of the projects,” said the […]
NAIROBI, Kenya, Oct 27 – Centum Real Estate Limited, a subsidiary of the NSE-listed Centum Investment Company Plc, is looking to float a Sh4bn project bond to finance its ongoing housing projects. Proceeds from the bond will be allocated exclusively to the subsidiary’s ongoing affordable, middle-income and high-end housing projects in Kenya. Centum Real Estate […]
NAIROBI, Oct 27 (Reuters) – The real estate subsidiary of Kenya’s Centum Investment CTUM.NR plans to issue a 4 billion shilling ($36.78 million) corporate bond to finance its housing developments, the parent company said on Tuesday. The three-year, zero coupon bond, which will be floated in the next few weeks, will come at a discount […]
Centum Real Estate plans to issue a Sh4 billion bond to finance ongoing housing projects, marking its first major borrowing since turning into a cash-generating unit in 2018. The firm, a subsidiary of the Nairobi bourse-listed Centum Investment Company #ticker:CTUM, said it is prepared to take as high as Sh6 billion should investors’ appetite exceed […]
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