The Capital Markets Authority (CMA) has barred listed firms with negative equity from rolling out share buybacks, locking out cash-strapped companies from the process largely applied to correct perceived undervaluation of stock. The regulator has ruled that directors of the companies which intend to repurchase stock from the market should ensure “assets … are equal […]
FILE PHOTO: The Two Rivers Shopping mall whose majority shareholding belongs to Centum Investment Company Nairobi, Kenya September 9, 2019. REUTERS/Njeri Mwangi NAIROBI (Reuters) – A unit of Centum Investment Company, Kenya’s largest listed investment firm, plans to spend 5 billion shillings ($45.02 million) to acquire stakes in domestic companies as well as those in […]
Isuzu East Africa Vehicle Assembly plant staff at work along Mombasa Road in 2018. The firm’s buses conform to the new body building standards, KS 372-2014. FILE PHOTO | COURTESY Centum Group posted a net loss of $12.14 million during the financial year ended March 31, 2021 compared with a net profit of $41.25 million […]
Centum Investment Group said Friday it is in advanced talks to acquire three undisclosed Kenyan companies months after making a string of exits. Centum Capital Partners, a wholly-owned and independently managed subsidiary of the Centum Group, said it plans to invest up to Sh5 billion over the next five years in diverse sectors of the […]
National Treasury, Public Debt Management Office Director-General Wohoro Ndoho (centre) rings a bell at Nairobi Securities Exchange (NSE) to launch the listing of M-Akiba bond, an exclusively mobile trade bond. [Jonah Onyango, Standard] The dark cloud that has ominously hung over the corporate bond market seems to be lifting. With three companies – East African […]
The capital markets regulator has capped the price of shares listed firms propose to buy back from market at 10 percent above the weighted value for the month preceding the resolution. The Capital Markets Authority (CMA) has set maximum and minimum share buyback price in new guidelines which are in line the Companies Act, 2015, […]
This letter lays out the sham of leadership and management that has been going on at Centum Investment Company. You need to carefully analyze the audited financial statements going back the last 5 years to verify the facts that are laid out in this letter. If it were a private limited company, then there would […]
The capital markets regulator has capped the price of shares listed firms propose to buy back from market at 10 percent above the weighted value for the month preceding the resolution. The Capital Markets Authority (CMA) has set maximum and minimum share buyback price in new guidelines which are in line the Companies Act, 2015, […]
Grit Real Estate Income Group has secured funding to conclude the acquisition and redevelopment of the Orbit Africa warehousing and manufacturing facility in Nairobi, on a sale and leaseback basis. The Kshs. 5 billion light industrial warehouse acquisition will be settled through a Kshs. 2.5 billion in senior debt finance negotiated with the International Finance […]
FILE PHOTO: The Two Rivers Shopping mall whose majority shareholding belongs to Centum Investment Company Nairobi, Kenya September 9, 2019. REUTERS/Njeri Mwangi NAIROBI (Reuters) – A unit of Centum Investment Company, Kenya’s largest listed investment firm, plans to spend 5 billion shillings ($45.02 million) to acquire stakes in domestic companies as well as those in […]
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