Centum’s #ticker:CTUM real estate arm is seeking to raise Sh17 billion in equity investment from Luxembourg-based private equity firm GEM Global Yield, with the fund effectively underwriting the planned listing of the property developer. Centum Real Estate said on Tuesday that it will control the timing and the size of drawdowns from the fund which […]
Family Bank will pay investors an interest rate of 12.5 percent on the tranche of its corporate bond which carries a variable coupon. The bank says investors holding the floating rate bonds will receive their second interest payment on June 24, 2022, when owners of its fixed rate notes will also be paid at the […]
Centum Investment Group cut its half-year losses by 67 per cent on the back of increased revenues across its business lines. The net loss for the half-year ended September 2021 was Sh662.1 million compared to Sh1.98 billion loss that the diversified investment firm posted in a similar period in 2020. “We have seen improved performance […]
Family Bank will pay investors an interest rate of 12.5 percent on the tranche of its corporate bond which carries a variable coupon. The bank says investors holding the floating rate bonds will receive their second interest payment on June 24, 2022, when owners of its fixed rate notes will also be paid at the […]
James Mworia, CEO of the Centum Investment Company Plc, said the deal will save on interest payments on the portion of debt that has been replaced/FILE NAIROBI, Kenya, Dec 20 – The Two Rivers Lifestyle Center, the holding company of the Two Rivers Mall, has reached a deal to replace a Sh4.5 billion loan with […]
Two Rivers Mall will convert a Sh4.5 billion loan into a security that will see an undisclosed lender earn dividends and get a share of the shopping complex if the owners decide to sell it, in a plan to reduce interest expenses. The debt was part of $96 million (Sh10.89 billion) secured during the construction […]
Talk of company board members in Kenya, and the image that comes to mind is of grey-haired individuals, most likely male. While the average age of CEOs and boards directors has come down over the years, representation of the younger people is still low considering Kenya’s demographic balance. A board diversity report published by Nairobi […]
Two Rivers Mall will convert a Sh4.5 billion loan into a security that will see an undisclosed lender earn dividends and get a share of the shopping complex if the owners decide to sell it, in a plan to reduce interest expenses. The debt was part of $96 million (Sh10.89 billion) secured during the construction […]
Talk of company board members in Kenya, and the image that comes to mind is of grey-haired individuals, most likely male. While the average age of CEOs and boards directors has come down over the years, representation of the younger people is still low considering Kenya’s demographic balance. A board diversity report published by Nairobi […]
Nairobi — The Two Rivers Lifestyle Center, the holding company of the Two Rivers Mall, has reached a deal to replace a Sh4.5 billion loan with a zero-interest, equity-linked instrument; significantly easing the debt service burden on the company. The deal means Two Rivers Lifestyle Center will save on interest payments on the portion of […]
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