NAIROBI, Kenya, Jul 2- Centum Real Estate Limited has reported a consolidated profit of Sh650 million for the year ended March 31 2021, driven by profit from residential units, sales development rights, and gains on investment properties. Centum Real Estate defied the Covid-19 pandemic to record residential unit sale deposits of Sh1.8 billion in the […]
Centum Real Estate managing director Samuel Kariuki. PHOTO | SALATON NJAU Centum Real Estate has posted 71.7 percent drop in net profit for the year ended March 31, 2021 owing to reduced demand of the residential units on the fallout of the coronavirus pandemic. The property developer, a subsidiary of listed Centum Investment Company , […]
NAIROBI, Kenya, Jun 9- Vipingo Development a wholly-owned subsidiary of Nairobi Securities Exchange (NSE) listed Centum Investment has injected an estimated Sh5.5 billion into the Kilifi County economy and helped to create more than 3,000 jobs in two years, an economic impact survey has established. Vipingo Development has transformed Vipingo, into a bustling urban node […]
Centum Investment board member Chris Kirubi and the firm’s managing director James Mworia at a past investor briefing held in Nairobi. The share price of Centum Investment, a Nairobi Securities Exchange diversified investment firm dropped marginally yesterday as investors following the death of business mogul Chris Kirubi. The share traded at Sh15.75 on Tuesday, 1.87 […]
The pioneer industrialist, stocks markets baron and beloved disc jockey Dr. Chris Kirubi has died at 80. The multimillionaire with a Midas touch and smooth-talking host of The Fuse on Capital FM succumbed to Colon cancer on 14 th June this year. Dr. Kirubi’s Notable Investments Dr. Chris Kirubi had investments in the media, manufacturing, […]
NAIROBI, Kenya, Jun 19 – Centum Investments Chief Executive Officer James Mworia eulogized Dr Kirubi as a visionary man whose focus was not easily impaired by the challenges that may arise when he is working towards a certain goal. During the memorial service held in Karen Mworia said his faith in winning and accomplishing his […]
In On December 13, 2001, the Industrial and Commercial Development Corporation (ICDC) made a bold step in seconding Christopher John Kirubi to the Uchumi Supermarkets Ltd Board of Directors. Mr Kirubi was coming in to fill the big shoes of successful decision makers like Suresh Shah, who had found himself at Uchumi in similar fashion. […]
Analysts attribute the prodigious consumption of spirits to a growing middle class with a taste for finer things, including whiskey and rum, improved earnings, as well as a lifestyle change. [Courtesy] In October last year, the Kenya Revenue Authority (KRA) sent out a terse notice that it was going to auction 10 containers of Tuborg […]
Since the successful issue of the Sh25 billion KenGen #ticker:KEGN public infrastructure bond in 2009, the local corporate bond market has yet to scale back to the same heights. Beset by collapsed issuers and defaults in recent years, the segment seems to have taken a backward step in active issuance of corporate bonds as investors […]
NAIROBI, Kenya, Jul 2- Centum Real Estate Limited has reported a consolidated profit of Sh650 million for the year ended March 31 2021, driven by profit from residential units, sales development rights, and gains on investment properties. Centum Real Estate defied the Covid-19 pandemic to record residential unit sale deposits of Sh1.8 billion in the […]
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