NAIROBI, KENYA: Information on purported monthly salaries of Kenya’s top Chief Executive Officers has generated debate online with many finding it hard to believe the figures at a time when the same companies are struggling to balance their books due to the effects of the Covid-19 Pandemic. Titled Top 10 Highest Paid CEOs in Kenya, […]
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PE firm Ascent Capital seeking Sh13bn for regional investments
Ascent Capital managing partner David Owino. PHOTO | FILE Nairobi-based private equity firm Ascent Capital is seeking to raise a total of $120 million (Sh13.1 billion) from various investors through a new fund. The capital will be invested in small and medium-sized companies in the East African region. Ascent has already received an investment proposal […]
PE firm Ascent Capital seeking Sh13bn for regional investments
Ascent Capital managing partner David Owino. PHOTO | FILE Nairobi-based private equity firm Ascent Capital is seeking to raise a total of $120 million (Sh13.1 billion) from various investors through a new fund. The capital will be invested in small and medium-sized companies in the East African region. Ascent has already received an investment proposal […]
CMA approves Kshs4 billion Centum Medium-Term Note
The Capital Markets Authority (CMA) has granted approval to Centum Real Estate Limited (Centum Re) to issue secured zero-coupon and secured zero-coupon equity-linked Medium-Term Notes of Kshs4 billion, with a green shoe option of Kshs2 billion. The offer, a restricted issue, targets sophisticated investors who are sufficiently versed with the risks associated with the notes, […]
Business Daily
Centum Investment bets on dividends for better second half Centum Investment Company expects a better second half performance, lifted by a resumption in dividend payments from some of the companies it has shares in, its chief executive said after it posted a first-half loss. Centum swung to a loss in the six months to September […]
Training Business Analytics Market Size 2020 Demand, Global Trend, News, Business Growth, Top Key Players Update, Business Statistics and Research Methodology by Forecast to 2026
The Report Titled on “Global Training Business Analytics Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020” firstly introduced the Training Business Analytics Industry basics: Definitions, Classifications, Applications and Market Overview; product specifications; manufacturing processes; cost structures, […] The Report Titled on “Global Training Business Analytics Industry Market Report-Development Trends, Threats, Opportunities and […]
UPDATE 2-Kenya’s Centum Investment sees improvement after first-half loss
(Adds details, outlook, share price) NAIROBI, Nov 27 (Reuters) – Kenya’s Centum Investment Company expects a better second half performance, lifted by a resumption in dividend payments from some of the companies it has shares in, its chief executive said after it posted a first-half loss. Centum swung to a loss in the six months […]
Kenya’s Centum Investment swings into first half pretax loss of 2.05 bln shillings
Credit: REUTERS/SIEGFRIED MODOLA NAIROBI, Nov 27 (Reuters) – Kenya’s Centum Investment Company CTUM.NR said on Friday it swung into a 2.05 billion shillings ($18.67 million) pretax loss in the first half from a 7.72 billion shilling profit in the year ago period, hit by effects of the COVID-19 pandemic. The firm, which owns shares in […]
Centum bets big on low cost houses
Businessman Chris Kirubi is investing billions of shillings in affordable housing in a move that will further spread his portfolio and that of his companies across more sectors. This comes as the investment firms, Two Rivers Development and Centum Investment Group, in which Mr Kirubi holds majority stakes, move to divest from commercial property development […]
Kenya’s Centum Investment swings to H1 pretax loss on pandemic impact
NAIROBI (Reuters) – Kenya’s Centum Investment Company said on Friday it swung to a loss in the first half, due to pandemic-induced market uncertainty, though lean performances were offset by its cash and marketable securities holdings. The firm, which owns shares in listed and non-listed companies in the manufacturing, banking and publishing sectors, marked pretax […]