Centum's unit looks to invest $45 million in firms in Kenya, neighbouring markets

Centum’s unit looks to invest $45 million in firms in Kenya, neighbouring markets

FILE PHOTO: The Two Rivers Shopping mall whose majority shareholding belongs to Centum Investment Company Nairobi, Kenya September 9, 2019. REUTERS/Njeri Mwangi NAIROBI (Reuters) – A unit of Centum Investment Company, Kenya’s largest listed investment firm, plans to spend 5 billion shillings ($45.02 million) to acquire stakes in domestic companies as well as those in […]

Centum's unit looks to invest $45 million in firms in Kenya, neighbouring markets

Centum’s unit looks to invest $45 million in firms in Kenya, neighbouring markets

FILE PHOTO: The Two Rivers Shopping mall whose majority shareholding belongs to Centum Investment Company Nairobi, Kenya September 9, 2019. REUTERS/Njeri Mwangi NAIROBI (Reuters) – A unit of Centum Investment Company, Kenya’s largest listed investment firm, plans to spend 5 billion shillings ($45.02 million) to acquire stakes in domestic companies as well as those in […]

Centum’s unit looks to invest $45 mln in firms in Kenya, neighbouring markets

Credit: REUTERS/Siegfried Modola NAIROBI, Nov 1 (Reuters) – A unit of Centum Investment Company CTUM.NR, Kenya’s largest listed investment firm, plans to spend 5 billion shillings ($45.02 million) to acquire stakes in domestic companies as well as those in neighbouring countries. The group, which is also listed on the Uganda bourse, owns shares in listed […]

Centum Commits KSh 5b to Expand its Private Equity Portfolio in East Africa

Centum Commits KSh 5b to Expand its Private Equity Portfolio in East Africa

Centum Capital Partners intends to acquire three companies in Kenya and two others in the region over the next five years The company said it is scouting for already profitable businesses that are looking for growth capital This comes amid the firm’s recent exits from Almasi Beverages, UAP Insurance and Kenya Wine Agencies Limited Centum […]

Foreign investors pull Sh1.5 billion from Nairobi bourse

Foreign investors pull Sh1.5 billion from Nairobi bourse

Foreign investors pulled out Sh1.48 billion from the Nairobi Securities Exchange (NSE) last month. This marks the second straight month of net-selling amid the prevailing rise in stock prices. Data from trading and corporate advisory firm AIB-AXYS Africa shows that foreigners bought shares worth Sh6.75 billion but sold others valued at Sh8.24 billion during the […]