Centum Investment Company Plc plans to sell part or all of its shareholding in its property development subsidiary Centum Real Estate Limited that was valued at Sh16.6 billion in the year ended March. The proposed transaction is expected to result in major capital gains for the Nairobi Securities Exchange-listed firm besides reducing the concentration of […]
The family of the late Chris Kirubi says it retains the businessman’s option to buy an additional 126.8 million shares in Centum Investment Company Plc with a current market value of Sh2.1 billion. Mr Kirubi had received approval from the Capital Markets Authority (CMA) to buy a total of 133 million Centum shares, arguing that […]
Centum Investment Company Plc #ticker:CTUM has reviewed taxes payable on its investment properties to Sh4 billion, raising the figure six times from the previous Sh669.9 million. The company says in its latest annual report that it used to assess tax payable on revaluation gains in its real estate portfolio based on the capital gain tax […]
Longhorn Publishers has posted KSh 7.5 million in net profit Sale of CBC books has also pushed the company to profitability This comes even as the Ministry of Education clashes with parents over implementation of CBC Centum Investment’s subsidiary Longhorn Publishers has recorded improved performance for the year ended June 2021, posting KSh 7.5 million […]
Centum Investment Company Plc plans to sell part or all of its shareholding in its property development subsidiary Centum Real Estate Limited that was valued at Sh16.6 billion in the year ended March. The proposed transaction is expected to result in major capital gains for the Nairobi Securities Exchange-listed firm besides reducing the concentration of […]
Mid-sized commercial lender Sidian Bank swung to a profit of KSH 146.54 million (USD 1.33 million) for the March quarter from a loss of KSH 22.69 million last year on higher revenues. The Nairobi-based bank, which primarily services urban and rural SMEs in Kenya, saw interest income on loans and advances rise 37% to KSH […]
[ File ] Almost all the sectors of the Kenyan economy have delightfully started to bloom after a tumultuous period in which the Covid-19 pandemic had cast a dark spell of stagnation over the business environment. However, real estate has been like the dormant seed that refuses to break from the soil even when the […]
KN Law LLP has announced the admission of its Senior Partner, Mugambi Nandi, to the Roll of Solicitors of the Senior Courts of England and Wales. Mugambi has over 20 years’ experience in legal practice, with legal and boardroom experience as counsel, Company Secretary and member of private and public sector corporate boards. Throughout his […]
Centum Investment Group ( NSE:CTUM ) has posted the first full-year loss in over 42 years, weighed down by a drop in sales and investment income that failed to stop it from paying dividends. The firm, which was listed on Nairobi bourse in 1967 as Industrial and Commercial Development Corporation (ICDC) Investment and rebranded to […]
The mortgage decline in Kenya comes even as the government accelerates its affordable housing programme. No sooner had the grave of Chris Kirubi dried up than Centum Investment, a company the late tycoon founded, recorded its first loss in four decades. This news must have left the flamboyant billionaire shaking in his grave. But even […]
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