Billionaire investor Chris Kirubi. FILE PHOTO | NMG Billionaire investor Chris Kirubi is yet to start buying additional shares in Centum Investment Company after announcing on March 23 that he would spend about Sh2.7 billion to acquire an extra 20 percent stake in the company. August regulatory filings show that the businessman still maintained a […]
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 […]
Centum Investment Company CEO James Mworia at a past results briefing. FILE PHOTO | NMG Centum Investment Company agreed to compensate the buyer of its Coca-Cola beverage businesses to the tune of $34.4 million (Sh3.7 billion) representing tax demands by the Kenya Revenue Authority (KRA). The Nairobi Securities Exchange-listed firm sold its stakes in Almasi […]
Centum Investment Company Plc will hold its 2021 Annual General Meeting on 24th September 2021 by electronic means
Centum Investment CEO James Mworia. FILE PHOTO | NMG Centum Investment real estate arm has launched a Sh7 billion real estate project to construct apartments in Kasarani, Nairobi. The firm said Monday that the project involves 268 units dubbed ‘265 Elmer One Apartments’ as it eyes to attract house seekers in the area that is […]
Capital Markets Authority regulatory and policy director Luke Ombara. PHOTO | SALATON NJAU | NMG The Capital Markets Authority (CMA) plans to form a credit guarantee scheme to help small and medium-sized (SMEs) firms raise money without exposing investors such as bondholders to losses. Director of policy and regulation at CMA Luke Ombara said in […]
Sabis International School at Runda in Nairobi. PHOTO | SALATON NJAU | NMG A judge has directed an international school backed by Centum Investment to slash third term fees by 20 per cent for online lessons during the Covid-19 pandemic. Justice James Makau said parents of the school in Runda, Nairobi, would only pay 80 […]
South African retailer TFG is set to exit Kenya alleging that landlords are asking for dollar-based rentals, Reuters has reported. TFG Group Chief Executive Anthony Thunström also said that over the last six-months, the Kenyan government has increased import duties, in some cases doubling them. “It’s totally, utterly unviable to be in Kenya. We’ve given […]
Centum Investment chief executive James Mworia. FILE PHOTO | NMG Centum Investment-owned Bakki Holdico Limited, has acquired all the shares of the late ambassador Bethuel Kiplagat in Sidian Bank, raising its stake in the tier III lender above 80 per cent. Sidian bank discloses this in the latest annual report which shows that the family […]
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