Centum Investment Group cut its half-year losses by 67 per cent on the back of increased revenues across its business lines. The net loss for the half-year ended September 2021 was Sh662.1 million compared to Sh1.98 billion loss that the diversified investment firm posted in a similar period in 2020. “We have seen improved performance […]
Women work at the front desk of the Centum Investment Company Limited in Nairobi, Kenya, file. REUTERS/Siegfried Modola NAIROBI, Nov 30 (Reuters) – Kenya’s Centum Investment Co PLC (CTUM.NR) said on Tuesday it booked a pretax loss of 696.6 million shillings ($6.19 million) for its first half through September, compared with a 2.05 billion shilling […]
Centum Investment Company ( NSE:CTUM ) has announced a dividend policy that will see shareholders receive 30 percent of investment income annually, as the firm moves to make itself more attractive to investors. The company has said it targets to strengthen its balance sheet by reducing finance costs and operating expenses to below 50 percent […]
Centum holds shares in Two Rivers Development Company Ltd. FILE PHOTO | COURTESY Centum Investment Group reduced its loss for the six months to September from $17.67 million to $5.91 million. The firm, which is listed on the Nairobi Securities Exchange (NSE), reduced its finance costs by 28 percent from $4.05 million to $2.91 million, […]
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, […]
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