At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. FILE PHOTO | NMG At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , […]
Centum Investments Ltd plans to scale down investments in real estate. PHOTO | FILE The firm, listed on the Nairobi Securities Exchange (NSE) and cross-listed on the Uganda Securities Exchange (USE), is seeking to invest close to Ksh6 billion ($54 million) in shares of private companies over five years. Acquisition is part of the firm’s […]
Centum CEO James Mworia PHOTO | COURTESY The loss position is largely attributable to a substantive hit on two of the Group’s private equity investments including publisher Longhorn and airline catering company Nas Servair. Income from financial services was flat at Ksh.1.9 billion while investment income slid to Ksh.433.5 million from Ksh.12.4 billion. The dip […]
Centum Investment Group #ticker:CTUM has posted Sh1.98 billion half-year net loss, hurt by a drop in both sales and investment income. The performance was a stark contrast from Sh6.79 billion net profit in a similar period last year. The huge decline was majorly contributed by the absence of any one-off benefits as was the case […]
Longhorn Publishers will hold its 2020 AGM on November 26th 2020 via Electronic Means.
Textbook sales are yet to pick up despite reopening of grade four, class eight and form four classes by the Ministry of Education in October 12. According to the Kenya Publishers Association (KPA) chairman Lawrence Njagi, sales are down 80 percent compared to similar period last year. Schools reopening presented a recovery opportunity for publishers […]
Suubula.com is Uganda’s fastest-growing e-marketplace The founder of Suubula.com, Uganda’s fastest growing e-marketplace, has welcomed President Museveni’s support for e-commerce in Uganda as the country grapples with the COVID-19 pandemic. Addressing the nation this past Sunday, President Museveni urged Ugandan entrepreneurs to embrace digital means to sell their products to millions of customers in Uganda […]
Centum’s chief executive James Mworia. FILE PHOTO | NMG Centum Investment Company is selling land and property valued at Sh12 billion to reduce its exposure to the real estate market which has risen to represent 65 percent of its total assets in the year ended March. The company says in its latest annual report that […]
Chief executive at Centum James Mworia. FILE PHOTO | NMG Centum Investment is preparing for reduced dividend payout from its portfolio companies such as Longhorn Publishers as they step up cash preservation measures in the prevailing Covid-19 environment. Chief executive at Centum James Mworia says in the latest annual report that Covid-19 has hurt the […]
Longhorn Publishers chairman Francis Nyammo at a past full-year earnings briefing in Nairobi. FILE PHOTO | DIANA NGILA | NMG Longhorn Publishers has sunk into Sh225.9 million loss, the first in eight years, as the closure of schools due to Covid-19 pandemic hurt book sales. The publisher, which had issued a profit warning , said […]
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