Samuel Kariuki, Managing Director of Centum Real Estate 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 Sh4 billion. This is with a green shoe option of Sh2 billion. The offer, a restricted issue, targets sophisticated investors who […]
Centum Group CEO James Mworia during a past investor briefing/ Centum has slid into a Sh1.9 billion loss after tax for the six months to September, amid a tumble on investment and other income which fell by 95.5 per cent. This is from a Sh6.7 billion profit after tax in a corresponding period last year. […]
Gauging through Scope: Global EMS-ODM Market, 2020-26 This all-inclusive reference guide on Global EMS-ODM Market is a ready-to-use investment documentation to design and deploy elaborate business plans and investment decisions that duly encourage a future-ready investment guideline with ample scope for revenue generation, besides initiating intensive revenue streams and market stability in the wake of […]
(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 […]
The banks led the top movers’ table at the Nairobi Securities Exchange (NSE) Tuesday. The top mover was Equity Group with 4.74 million shares and a market capitalization of 134.53 billion shillings. The second top mover at the bourse on Tuesday was Absa Kenya having sold 4.09 million shares with a market capitalization of 51.06 […]
Centum CEO James Mworia PHOTO | COURTESY The loss position is largely attributable to a substantive hit on two of the Group’s private equity investments including publisher Longhorn and airline catering company Nas Servair. Income from financial services was flat at Ksh.1.9 billion while investment income slid to Ksh.433.5 million from Ksh.12.4 billion. The dip […]
NAIROBI, KENYA : Safaricom has appointed Joseph Wanjohi as the acting chief enterprise business officer replacing Rita Okuthe. At the same time, East Africa’s leading Telecommunications Company appointed Morten Bangsgaard to the role of Chief Technology and Information Officer. “Joseph Wanjohi will act as interim Chief Enterprise Bussiness Officer from December 1 as we initiate […]
Safaricom #ticker:SCOM has reorganised its management team in a move it says will further its goal of being a technology-focused firm. The telco’s chief executive Peter Ndegwa announced the changes in a memo to staff. The information technology and network departments have been merged into technology and information organisation and which will be headed by […]
Greenpark Estate in Athi River. Kenya’s real estate moguls are migrating to Athi River in droves as the area continues to experience growth that has seen it become one of the most attractive areas for developers in search of high rental yields. According to the latest Kenya Retail Sector Report by Cytonn Real Estate for […]
NAIROBI, KENYA : Safaricom has appointed Joseph Wanjohi as the acting chief enterprise business officer replacing Rita Okuthe. At the same time, East Africa’s leading Telecommunications Company appointed Morten Bangsgaard to the role of Chief Technology and Information Officer. “Joseph Wanjohi will act as interim Chief Enterprise Bussiness Officer from December 1 as we initiate […]
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