Nairobi — Centum Real Estate Limited, a wholly-owned subsidiary of Centum Investment company has signed an agreement with GEM Global yield, the Luxembourg-based private alternative investment group, to provide Centum Real Estate with a share subscription facility of up to Shs17 billion for a 36-month term. The equity investment which is subject to Centum’s public […]
Centum Investment Group cut its half-year losses by 67 per cent on the back of increased revenues across its business lines. The net loss for the half-year ended September 2021 was Sh662.1 million compared to Sh1.98 billion loss that the diversified investment firm posted in a similar period in 2020. “We have seen improved performance […]
James Mworia, CEO of the Centum Investment Company Plc, said the deal will save on interest payments on the portion of debt that has been replaced/FILE NAIROBI, Kenya, Dec 20 – The Two Rivers Lifestyle Center, the holding company of the Two Rivers Mall, has reached a deal to replace a Sh4.5 billion loan with […]
Two Rivers Mall will convert a Sh4.5 billion loan into a security that will see an undisclosed lender earn dividends and get a share of the shopping complex if the owners decide to sell it, in a plan to reduce interest expenses. The debt was part of $96 million (Sh10.89 billion) secured during the construction […]
Two Rivers Mall will convert a Sh4.5 billion loan into a security that will see an undisclosed lender earn dividends and get a share of the shopping complex if the owners decide to sell it, in a plan to reduce interest expenses. The debt was part of $96 million (Sh10.89 billion) secured during the construction […]
Nairobi — The Two Rivers Lifestyle Center, the holding company of the Two Rivers Mall, has reached a deal to replace a Sh4.5 billion loan with a zero-interest, equity-linked instrument; significantly easing the debt service burden on the company. The deal means Two Rivers Lifestyle Center will save on interest payments on the portion of […]
Centum Investment Group cut its half-year losses by 67 per cent on the back of increased revenues across its business lines. The net loss for the half-year ended September 2021 was Sh662.1 million compared to Sh1.98 billion loss that the diversified investment firm posted in a similar period in 2020. “We have seen improved performance […]
Women work at the front desk of the Centum Investment Company Limited in Nairobi, Kenya, file. REUTERS/Siegfried Modola NAIROBI, Nov 30 (Reuters) – Kenya’s Centum Investment Co PLC (CTUM.NR) said on Tuesday it booked a pretax loss of 696.6 million shillings ($6.19 million) for its first half through September, compared with a 2.05 billion shilling […]
Centum Investment Company ( NSE:CTUM ) has announced a dividend policy that will see shareholders receive 30 percent of investment income annually, as the firm moves to make itself more attractive to investors. The company has said it targets to strengthen its balance sheet by reducing finance costs and operating expenses to below 50 percent […]
Centum holds shares in Two Rivers Development Company Ltd. FILE PHOTO | COURTESY Centum Investment Group reduced its loss for the six months to September from $17.67 million to $5.91 million. The firm, which is listed on the Nairobi Securities Exchange (NSE), reduced its finance costs by 28 percent from $4.05 million to $2.91 million, […]
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