/- Centum Investment Company’s private equity wing has set aside a KSh5 billion war chest targeting acquisitions in diverse sectors of the economy/COURTESY The NSE-listed company is scouting for already profitable businesses that are looking for growth capital or where business owners want to cash in on part of their equity investment. Centum Capital Partners, […]
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Centum shuts down services unit, lays off staff
Centum Investment Group #ticker:CTUM has shut down its shared services division as part of its cost-cutting plan, which will see staff members sent home. Centum chief executive James Mworia told the Business Daily via telephone on Friday afternoon that the affected workers would be fairly remunerated. He said the layoffs came about after functions of […]
Two Rivers Power firm receives Shs 770 mn funding from pan-African solar financier
Nairobi, Kenya, October 12 – Pan-African commercial and industrial solar and distributed energy financier GridX Duara Holdings has injected Shs770 million investment into Two Rivers Power Company (TPRC). TRPC is a wholly-owned subsidiary of Two Rivers Development Limited (TRDL) and was established to ensure the provision of reliable power to the Two Rivers Development in […]
Centum unit gets Sh775m renewable energy loan
Centum CEO James Mworia. FILE PHOTO | NMG Two Rivers Power Company (TRPC) has received Sh775 million ($7 million) loan from a commercial and industrial solar financier to expand renewable energy infrastructure projects for its parent firm, Centum Real Estate. The firm— wholly owned by Two Rivers Development Limited, which is in turn 58 percent […]
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 […]
Solar Financier GridX Injects Sh775m Into Two Rivers Power
A solar power plant. PHOTO | FILE Pan-African solar energy financier GridX Duara Holdings has injected Sh770 million into Two Rivers Power Company ( TPRC) to expand solar energy projects for Centum Real Estate. TPRC, which is wholly owned by Two Rivers Development Limited – which is in turn 58% owned by Centum Investment Company, […]
Solar Financier GridX Injects Sh775m Into Two Rivers Power
A solar power plant. PHOTO | FILE Pan-African solar energy financier GridX Duara Holdings has injected Sh770 million into Two Rivers Power Company ( TPRC) to expand solar energy projects for Centum Real Estate. TPRC, which is wholly owned by Two Rivers Development Limited – which is in turn 58% owned by Centum Investment Company, […]
Centum unit gets Sh775m renewable energy loan
Centum CEO James Mworia. FILE PHOTO | NMG Two Rivers Power Company (TRPC) has received Sh775 million ($7 million) loan from a commercial and industrial solar financier to expand renewable energy infrastructure projects for its parent firm, Centum Real Estate. The firm— wholly owned by Two Rivers Development Limited, which is in turn 58 percent […]
Two Rivers Power firm receives Shs 770 mn funding from pan-African solar financier
Nairobi, Kenya, October 12 – Pan-African commercial and industrial solar and distributed energy financier GridX Duara Holdings has injected Shs770 million investment into Two Rivers Power Company (TPRC). TRPC is a wholly-owned subsidiary of Two Rivers Development Limited (TRDL) and was established to ensure the provision of reliable power to the Two Rivers Development in […]
Centum shuts down services unit, lays off staff
Centum Investment Group #ticker:CTUM has shut down its shared services division as part of its cost-cutting plan, which will see staff members sent home. Centum chief executive James Mworia told the Business Daily via telephone on Friday afternoon that the affected workers would be fairly remunerated. He said the layoffs came about after functions of […]