Centum Group CEO James Mworia during a past investor briefing/ Low business at Two Rivers and Longhorn Publishers saw investment firm Centum sink into a historic annual loss in the year ended March 2021. The firm’s audited results released Tuesday shows interest in the capital market, real estate, education and manufacturing reported a loss of […]
Tag: XNAI_ICDC
Centum puts on hold plan to buy stakes in companies
CENTUM INVESTMENT COMPANY LIMITED CHIEF EXECUTIVE OFFICER JAMES MWORIA SPEAKS DURING THE BELL RINGING TO COMMENCE TRADING FOR LONGHORN PUBLISHERS AT THE NSE IN NAIROBI ON MAY 31, 2016. FILE PHOTO | NMG Centum Investment Group #ticker#CTUM has put on hold plans to buy stakes in companies and is shifting money in government bonds to […]
Two Rivers loan plunges Centum into Sh1.4b loss
Huge loan payments for Two Rivers Mall have plunged Centum Investment into a net loss of Sh1.4 billion in the year ending March 2021. In March 2020, the listed company made a profit after tax of Sh4.6 billion in a period that saw it record an investment income of Sh12.4 billion after it sold its […]
Kenya’s Centum swings into pretax loss of 2.3 bln shillings
Credit: REUTERS/Siegfried Modola NAIROBI, July 27 (Reuters) – Kenya’s Centum Investment CTUM.NR swung to a pretax loss of 2.3 billion shillings ($21.23 million) in the year to the end of March, from a profit of 5.4 billion shillings a year earlier, the firm said on Tuesday. The group, whose underlying assets include real estate developments […]
High operation costs sends Centum into historic loss
Centum Group CEO James Mworia during a past investor briefing/ Low business at Two Rivers and Longhorn Publishers saw investment firm Centum sink into a historic annual loss in the year ended March 2021. The firm’s audited results released Tuesday shows interest in the capital market, real estate, education and manufacturing reported a loss of […]
Kenyan Businessmen Pocket Ksh3.2 Billion From UAP Stake Sale
Kenyan businessmen Joe Wanjui and James Muguiyi have pocketed at least Ksh3.2 billion from the sale of combined six percent stake UAP Holdings to South Africa’s Old Mutual Holdings. The transaction which saw Old Mutual acquire 12.6 million shares from the duo has pushed the multinational’s shareholding to 66.7 percent from the previous 60.7 percent. […]
Chris Kirubi’s Son-In-law to Take Control of Centum, His Multi-Billion-Shilling Real Estate Company
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 […]
Kenya: Kirubi’s Son-in-Law Takes Board Seat at Centum Real Estate
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 […]
Kenya: Kirubi’s Son-in-Law Takes Board Seat at Centum Real Estate
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 […]
Centum Real Estate Limited earns Sh650mn profit
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 […]