Andrew Musangi, the son-in-law of the late businessman Chris Kirubi is poised to take over control of the deceased’s real estate company – Centum Real Estate. Musangi, who is the husband of Kirubi’s only daughter Mary Ann, has reportedly been appointed to the board of Centum Real Estate, a subsidiary of Centum Investments. The appointment […]
A son-in-law to the late billionaire businessman Chris Kirubi has been appointed to the board of Centum Real Estate, pointing to a possible ongoing re-organisation of the deceased tycoon’s empire. Centum Real Estate, a subsidiary fully-owned by the Nairobi Securities Exchange (NSE) listed Centum Investment Company, has appointed Andrew Musangi to sit on its board […]
NAIROBI, Kenya, Jun 9- Vipingo Development a wholly-owned subsidiary of Nairobi Securities Exchange (NSE) listed Centum Investment has injected an estimated Sh5.5 billion into the Kilifi County economy and helped to create more than 3,000 jobs in two years, an economic impact survey has established. Vipingo Development has transformed Vipingo, into a bustling urban node […]
Centum Investment board member Chris Kirubi and the firm’s managing director James Mworia at a past investor briefing held in Nairobi. The share price of Centum Investment, a Nairobi Securities Exchange diversified investment firm dropped marginally yesterday as investors following the death of business mogul Chris Kirubi. The share traded at Sh15.75 on Tuesday, 1.87 […]
The pioneer industrialist, stocks markets baron and beloved disc jockey Dr. Chris Kirubi has died at 80. The multimillionaire with a Midas touch and smooth-talking host of The Fuse on Capital FM succumbed to Colon cancer on 14 th June this year. Dr. Kirubi’s Notable Investments Dr. Chris Kirubi had investments in the media, manufacturing, […]
NAIROBI, Kenya, Jun 19 – Centum Investments Chief Executive Officer James Mworia eulogized Dr Kirubi as a visionary man whose focus was not easily impaired by the challenges that may arise when he is working towards a certain goal. During the memorial service held in Karen Mworia said his faith in winning and accomplishing his […]
Analysts attribute the prodigious consumption of spirits to a growing middle class with a taste for finer things, including whiskey and rum, improved earnings, as well as a lifestyle change. [Courtesy] In October last year, the Kenya Revenue Authority (KRA) sent out a terse notice that it was going to auction 10 containers of Tuborg […]
NAIROBI, Kenya, Jul 2- Centum Real Estate Limited has reported a consolidated profit of Sh650 million for the year ended March 31 2021, driven by profit from residential units, sales development rights, and gains on investment properties. Centum Real Estate defied the Covid-19 pandemic to record residential unit sale deposits of Sh1.8 billion in the […]
Centum Real Estate managing director Samuel Kariuki. PHOTO | SALATON NJAU Centum Real Estate has posted 71.7 percent drop in net profit for the year ended March 31, 2021 owing to reduced demand of the residential units on the fallout of the coronavirus pandemic. The property developer, a subsidiary of listed Centum Investment Company , […]
Drilling works at the Akiira geothermal site in Rift Valley, Kenya is set to resume. This is after the locals gave Akiira Geothermal Company a go ahead to continue with the works. The concession is operated by a consortium of Centum Investments Company, Marine Power Generation, DI Frontier Energy Carbon Fund and Ram Energy. The […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.