Safaricom has announced key structural changes to its business to focus on technology as it hopes to cement its relevance in the Kenyan market, including the creation of new positions. In a memo sent to staff, Safaricom Chief Executive Officer Peter Ndegwa announced that the telco has merged the Information Technology and Network departments to […]
Photo: Courtesy The Kenya Revenue Authority (KRA) has moved to auction several containers of Tuborg beer that were dumped in its bonded warehouse by importers. In what might be a reflection of the tough times for those in the alcoholic drinks industry, the taxman listed King Beverage Ltd – which also has the franchise for […]
Centum Real Estate Managing Director Samuel Kariuki. Centum Investment plans to raise Sh4 billion from local investors to finance its ongoing housing projects in Kenya. The investment firm said it will raise the funds through a bond issue by its development subsidiary Centum Real Estate. “Proceeds from the bond will be allocated exclusively to the […]
November, Wednesday 4, 2020: The top gainer of the day at the Nairobi Securities Exchange (NSE) was Flame Tree Group with 5.26 percent at the price of 1.40 shillings per share. WPP ScanGroup and British American Tobacco gained 3.17 and 2.68 percent at the price of 6.50 and 345.00 shillings per share respectively. Centum Investment […]
NAIROBI, Kenya, Oct 27 – Centum Real Estate Limited, a subsidiary of the NSE-listed Centum Investment Company Plc, is looking to float a Sh4bn project bond to finance its ongoing housing projects. Proceeds from the bond will be allocated exclusively to the subsidiary’s ongoing affordable, middle-income and high-end housing projects in Kenya. Centum Real Estate […]
NAIROBI, Oct 27 (Reuters) – The real estate subsidiary of Kenya’s Centum Investment CTUM.NR plans to issue a 4 billion shilling ($36.78 million) corporate bond to finance its housing developments, the parent company said on Tuesday. The three-year, zero coupon bond, which will be floated in the next few weeks, will come at a discount […]
Centum Real Estate plans to issue a Sh4 billion bond to finance ongoing housing projects, marking its first major borrowing since turning into a cash-generating unit in 2018. The firm, a subsidiary of the Nairobi bourse-listed Centum Investment Company #ticker:CTUM, said it is prepared to take as high as Sh6 billion should investors’ appetite exceed […]
Centum Real Estate Managing Director Samuel Kariuki. Centum Investment plans to raise Sh4 billion from local investors to finance its ongoing housing projects in Kenya. The investment firm said it will raise the funds through a bond issue by its development subsidiary Centum Real Estate. “Proceeds from the bond will be allocated exclusively to the […]
Centum Real Estate managing director Samuel Kariuki. Centum Real Estate Limited, a subsidiary of the NSE listed Centum Investment Company Plc, is looking to float a KSh4bn project bond to finance its ongoing housing construction projects. Proceeds from the bond will be allocated exclusively to the subsidiary’s ongoing affordable, middle-income and high-end housing projects in […]
Activists outside the Supreme Court in Nairobi after the National Environmental Tribunal blocked the construction of Lamu coal power plant on June 26, 2019. AFP PHOTO | NMG Amu Power is in talks with its partners in the stalled 1,050-megawatt coal-fired power plant in Lamu with a view to advance the project. The venture has […]
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