NAIROBI, Kenya, Dec 18 – Centum Real Estate Limited has successfully raised Sh3 billion from a project bond intended to finance construction of its ongoing housing projects. The bond, which closed on Wednesday this week, will pay investors a return of 12.5% for the plain vanilla bond and 12-14% for the Equity Linked Note. The […]
The board of directors of Centum Electronics Limited at their meeting held today, i.e., December 10, 2020 have approved the proposal for further investment in Centum Adetel Group (CAG) SA. With the proposed investment, Centum Electronics Limited’s stake in CAG will increase from the current level of 59.77% to 64.66%. Further, the above investment will […]
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 […]
Centum Investments Ltd plans to scale down investments in real estate. PHOTO | FILE The firm, listed on the Nairobi Securities Exchange (NSE) and cross-listed on the Uganda Securities Exchange (USE), is seeking to invest close to Ksh6 billion ($54 million) in shares of private companies over five years. Acquisition is part of the firm’s […]
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 […]
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 […]
(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 […]
Centum Investments Ltd plans to scale down investments in real estate. PHOTO | FILE The firm, listed on the Nairobi Securities Exchange (NSE) and cross-listed on the Uganda Securities Exchange (USE), is seeking to invest close to Ksh6 billion ($54 million) in shares of private companies over five years. Acquisition is part of the firm’s […]
The author is an analyst of NH Investment & Securities. He can be reached at will.byun@nhqv.com. — Ed. Profit growth stemming from anticipated 2021 copper price increase is forecast to help push up Poongsan’s share price moving ahead. We expect the LME copper price to reach US$8,000/ton. In the long term, we expect Poongsan’s EV […]
(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 […]
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