Flame Tree CEO Heril Bangera. FILE PHOTO | NMG Flame Tree Group (FTG) intends to issue a corporate bond to fund growth despite the reduced investor appetite following loss of money in Chase and Imperial bank securities. Chief executive Heril Bangera says in the latest annual report the firm is working on issuing the bond […]
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, the company that built the iconic Two Rivers Mall, will not undertake the development of any commercial property in the next five years, pointing to the fading allure of mall business. Instead, the company will focus on managing the Two Rivers Mall, the biggest in Eastern Africa, and two office blocks. Things are […]
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 […]
Centum CEO James Mworia addresses investors during the company’s release of its FY 2020 half year results on November 28, 2019 PHOTO | COURTESY The number of listed corporate bonds and commercial paper on the Nairobi Security Exchange (NSE) has fallen to five with Centum Investment retiring its debt on Monday. The investment firm successfully […]
Centum Investment Company CEO James Mworia at a past results briefing. FILE PHOTO | NMG Centum Investment #ticker:CTUM shareholders are set for Sh798.5 million dividend payout, similar to what was paid the previous year, after the Group’s net profit rose by 12 percent to Sh4.63 billion for the full year ended March 2020. The growth […]
Centum CEO James Mworia addresses investors during the company’s release of its FY 2020 half year results on November 28, 2019 PHOTO | COURTESY The number of listed corporate bonds and commercial paper on the Nairobi Security Exchange (NSE) has fallen to five with Centum Investment retiring its debt on Monday. The investment firm successfully […]
Centum CEO James Mworia (left) and businessman Chris Kirubi confer during the company’s investor briefing at the Nairobi Serena Hotel on November 13, 2013. PHOTO | COURTESY Chris Kirubi has raised his stake by two million shares, equivalent to 0.3 per cent of the firm’s issued shares at the NSE. The purchase takes his direct […]
Centum Investment chief executive James Mworia was corporate Kenya’s fourth best-paid manager last year with an annual compensation of Sh177.5 million or an equivalent Sh14.7 million per month. The Centum annual report released Monday shows Mr Mworia took a Sh41.7 million pay cut after getting a lower bonus cheque. The pay places Mr Mworia behind […]
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