Investment firm Centum has announced the ground breaking of Riverbank Apartments, a 160-unit housing project at its Two Rivers development in Nairobi. Centum’s Real Estate managing director Samuel Kariuki confirmed that the development is expected to be completed within 24 months. The construction contract was awarded to Seyani Brothers & Co , a leading and […]
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, […]
Capital Markets Authority (CMA) CEO Wyckliffe Shamiah at a past event. FILE PHOTO | LUCY WANJIRU | NMG Kenya’s once vibrant corporate bonds market has undergone lean times in the past five years, at times facing real fears of a total collapse due to investors’ fear of losing their funds to shaky issuers. Although there […]
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 […]
Regional investment firm Centum is seeking to sell part of its shareholding in the Two Rivers Development Company (TRDC) Ltd to retire a Ksh4 billion ($37.03 million) short-term debt whose repayment is taking a toll on its finances. Chief executive James Mworia told The EastAfrican that the proportion of shares to be surrendered to the […]
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 […]
Centum says the Two Rivers Development could be a financial hub, business and residential district of choice. PHOTO | FILE Regional investment firm Centum is seeking to sell part of its shareholding in the Two Rivers Development Company (TRDC) Ltd to retire a Ksh4 billion ($37.03 million) short-term debt whose repayment is taking a toll […]
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 […]
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