Centum CEO James Mworia addresses investors during the company’s release of its FY 2020 half year results on November 28, 2019 PHOTO | COURTESY The number of listed corporate bonds and commercial paper on the Nairobi Security Exchange (NSE) has fallen to five with Centum Investment retiring its debt on Monday. The investment firm successfully […]
Tag: centum investment
Debt-free Centum plans buy-back of its ‘undervalued’ shares
Centum Investments CFO Samuel Kariuki during the full year ended March 2017. The firm’s net profit had dropped 16 per cent for that year, but fortunes have since changed. PHOTO | FILE | NMG Centum Investments can breathe easy after repaying the Ksh16.14 billion ($161.4 million) debt which had, in the past five years, affected […]
Centum retains Sh798m dividend as net profit rises 12pc
Centum Investment Company CEO James Mworia at a past results briefing. FILE PHOTO | NMG Centum Investment #ticker:CTUM shareholders are set for Sh798.5 million dividend payout, similar to what was paid the previous year, after the Group’s net profit rose by 12 percent to Sh4.63 billion for the full year ended March 2020. The growth […]
UAP picks insider as chief executive Peter Mwangi resigns
Outgoing UAP Old Mutual chief executive Peter Mwangi. FILE PHOTO | NMG UAP Old Mutual’s chief executive officer Peter Mwangi will step down next week, the company said on Friday, and will be replaced by chief financial officer Arthur Oginga. The firm’s chairman Joe Wanjui said the outgoing chief executive, appointed to the job in […]
Consolidated Bank seeks Sh1.6bn bailout after default
Customers at Consolidated Bank’s Koinange Street branch in Nairobi. FILE PHOTO | NMG Consolidated Bank of Kenya is seeking the Treasury’s bailout to repay holders of its Sh1.6 billion corporate bond that was due for redemption Monday. In a statement, the bank offered to pay investors three months after Monday’s maturity date, when it hopes […]
Kirubi, Mworia raise their stakes in Centum
Centum CEO James Mworia (left) and businessman Chris Kirubi confer during the company’s investor briefing at the Nairobi Serena Hotel on November 13, 2013. PHOTO | COURTESY Chris Kirubi has raised his stake by two million shares, equivalent to 0.3 per cent of the firm’s issued shares at the NSE. The purchase takes his direct […]
Centum CEO takes pay cut to earn Sh177.5m
Centum Investment chief executive James Mworia was corporate Kenya’s fourth best-paid manager last year with an annual compensation of Sh177.5 million or an equivalent Sh14.7 million per month. The Centum annual report released Monday shows Mr Mworia took a Sh41.7 million pay cut after getting a lower bonus cheque. The pay places Mr Mworia behind […]