Centum Investment Company Plc plans to sell part or all of its shareholding in its property development subsidiary Centum Real Estate Limited that was valued at Sh16.6 billion in the year ended March. The proposed transaction is expected to result in major capital gains for the Nairobi Securities Exchange-listed firm besides reducing the concentration of […]
Centum currently holds a 0.49 percent stake in REA Vipingo, while REA Trading is the largest shareholder with a 57.04 percent stake in the sisal producer/FILE NAIROBI, Kenya, Sep 20- Vipingo Development, a subsidiary of Centum Real Estate, has commenced water production from its 3 million litres per day desalination plant. The plant has a […]
Centum Investment Company Plc plans to sell part or all of its shareholding in its property development subsidiary Centum Real Estate Limited that was valued at Sh16.6 billion in the year ended March. The proposed transaction is expected to result in major capital gains for the Nairobi Securities Exchange-listed firm besides reducing the concentration of […]
Centum Investment Company Plc #ticker:CTUM has reviewed taxes payable on its investment properties to Sh4 billion, raising the figure six times from the previous Sh669.9 million. The company says in its latest annual report that it used to assess tax payable on revaluation gains in its real estate portfolio based on the capital gain tax […]
Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that only 12 firms out of the 66 listed operate the department. These are Equity Bank, Stanbic Bank, Co-operative Bank, Safaricom, Centum, KCB, Kenya Airways, Kenya Electricity Generating Company (Kengen), Britam Holdings […]
Longhorn Publishers has posted KSh 7.5 million in net profit Sale of CBC books has also pushed the company to profitability This comes even as the Ministry of Education clashes with parents over implementation of CBC Centum Investment’s subsidiary Longhorn Publishers has recorded improved performance for the year ended June 2021, posting KSh 7.5 million […]
Centum Investment Company Plc plans to sell part or all of its shareholding in its property development subsidiary Centum Real Estate Limited that was valued at Sh16.6 billion in the year ended March. The proposed transaction is expected to result in major capital gains for the Nairobi Securities Exchange-listed firm besides reducing the concentration of […]
An electronic board displaying market data. The investor relations department’s role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that […]
Co-op Bank #ticker:COOP is lending Centum #ticker:CTUM up to Sh2 billion to finance the investment firm’s construction of apartments at its Two Rivers site in Nairobi County. The loan agreement was signed by Centum’s fully-owned subsidiary Uhuru Heights Limited which is building one, two and three-bedroom apartments that are being sold at between Sh8.5 million […]
Besides earning millions in salaries, the top executives are usually allowed to buy shares in the companies they run In return, they enjoy dividends paid annually based on the company’s performance Some of the top-notch executives controlling stakes are Equity’s James Mwangi, Britam’s Benson Wairegi, Co-op Bank’s Gideon Muriuki and James Mworia (Centum) Kenyan chief […]
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