Centum Investment Group ( NSE:CTUM ) has posted the first full-year loss in over 42 years, weighed down by a drop in sales and investment income that failed to stop it from paying dividends. The firm, which was listed on Nairobi bourse in 1967 as Industrial and Commercial Development Corporation (ICDC) Investment and rebranded to […]
Sidian Bank CEO Chege Thumbi. FILE PHOTO | NMG Sidian Bank has posted a Sh274.7 million net profit in the six months to June, reversing a loss of Sh85.8 million recorded a year earlier. The improved performance was supported by a rise in both interest and non-interest income while operating expenses went down. The lender, […]
Credit: REUTERS/Siegfried Modola NAIROBI, July 27 (Reuters) – Kenya’s Centum Investment CTUM.NR swung to a pretax loss of 2.3 billion shillings ($21.23 million) in the year to the end of March, from a profit of 5.4 billion shillings a year earlier, the firm said on Tuesday. The group, whose underlying assets include real estate developments […]
NAIROBI Kenya, Aug 4-Two Rivers Mall made over Sh1 billion in sales during the Somali Cultural Festival 2021 held at the mall two weeks ago, a new report reveals. The report by Centum Investment Company shows that the footfall number was above 20,000 in the period between January 2020 to July 2021 when the event […]
The mortgage decline in Kenya comes even as the government accelerates its affordable housing programme. No sooner had the grave of Chris Kirubi dried up than Centum Investment, a company the late tycoon founded, recorded its first loss in four decades. This news must have left the flamboyant billionaire shaking in his grave. But even […]
Huge loan payments for Two Rivers Mall have plunged Centum Investment into a net loss of Sh1.4 billion in the year ending March 2021. In March 2020, the listed company made a profit after tax of Sh4.6 billion in a period that saw it record an investment income of Sh12.4 billion after it sold its […]
CENTUM INVESTMENT COMPANY LIMITED CHIEF EXECUTIVE OFFICER JAMES MWORIA SPEAKS DURING THE BELL RINGING TO COMMENCE TRADING FOR LONGHORN PUBLISHERS AT THE NSE IN NAIROBI ON MAY 31, 2016. FILE PHOTO | NMG Centum Investment Group #ticker#CTUM has put on hold plans to buy stakes in companies and is shifting money in government bonds to […]
Centum Investment Company has appointed Dr. Laila Macharia as the new Vice-Chairperson of the board and Mr. Andrew Musangi as a member of the board. Dr. Macharia joined the board of Centum Investment in October 2013 as an independent non-executive director. Prior to her appointment as the vice-chair, she served as the leader of the […]
Huge loan payments for Two Rivers Mall have plunged Centum Investment into a net loss of Sh1.4 billion in the year ending March 2021. In March 2020, the listed company made a profit after tax of Sh4.6 billion in a period that saw it record an investment income of Sh12.4 billion after it sold its […]
Women work at the front desk of the Centum Investment Company Limited in Nairobi, Kenya NAIROBI (Reuters) – Kenya’s Centum Investment swung to a pretax loss of 2.3 billion shillings ($21.23 million) in the year to the end of March, from a profit of 5.4 billion shillings a year earlier, the firm said on Tuesday. […]
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