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 […]
The fate of the Centum-backed Lamu coal power plant hangs in the balance after recommendations in a report presented to President Uhuru Kenyatta said its power purchase agreement (PPAs) with Kenya Power had lapsed. President Kenyatta appointed the taskforce in March after it emerged that Kenya Power had signed contracts committing it to take more […]
Centum Capital Partners intends to acquire three companies in Kenya and two others in the region over the next five years The company said it is scouting for already profitable businesses that are looking for growth capital This comes amid the firm’s recent exits from Almasi Beverages, UAP Insurance and Kenya Wine Agencies Limited Centum […]
Foreign investors pulled out Sh1.48 billion from the Nairobi Securities Exchange (NSE) last month. This marks the second straight month of net-selling amid the prevailing rise in stock prices. Data from trading and corporate advisory firm AIB-AXYS Africa shows that foreigners bought shares worth Sh6.75 billion but sold others valued at Sh8.24 billion during the […]
/- Centum Investment Company’s private equity wing has set aside a KSh5 billion war chest targeting acquisitions in diverse sectors of the economy/COURTESY The NSE-listed company is scouting for already profitable businesses that are looking for growth capital or where business owners want to cash in on part of their equity investment. Centum Capital Partners, […]
Centum Investment Group #ticker:CTUM has shut down its shared services division as part of its cost-cutting plan, which will see staff members sent home. Centum chief executive James Mworia told the Business Daily via telephone on Friday afternoon that the affected workers would be fairly remunerated. He said the layoffs came about after functions of […]
Nairobi, Kenya, October 12 – Pan-African commercial and industrial solar and distributed energy financier GridX Duara Holdings has injected Shs770 million investment into Two Rivers Power Company (TPRC). TRPC is a wholly-owned subsidiary of Two Rivers Development Limited (TRDL) and was established to ensure the provision of reliable power to the Two Rivers Development in […]
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