South African ratings agency Global Credit Ratings (GCR) has affirmed Centum’s financial rating of A+ with a stable outlook, citing the firm’s strong capital base and healthy liquidity. The agency said although Centum’s investment portfolio carries concentration risk due to the majority of investments being located and operated within Kenya and real estate, accounting for […]
South African ratings agency Global Credit Ratings (GCR) has affirmed Centum’s financial rating of A+ with a stable outlook, citing the firm’s strong capital base and healthy liquidity. The agency said although Centum’s investment portfolio carries concentration risk due to the majority of investments being located and operated within Kenya and real estate, accounting for […]
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 […]
Women work at the front desk of the Centum Investment Company Limited in Nairobi, Kenya, file. REUTERS/Siegfried Modola NAIROBI, Nov 30 (Reuters) – Kenya’s Centum Investment Co PLC (CTUM.NR) said on Tuesday it booked a pretax loss of 696.6 million shillings ($6.19 million) for its first half through September, compared with a 2.05 billion shilling […]
Centum Investment Company ( NSE:CTUM ) has announced a dividend policy that will see shareholders receive 30 percent of investment income annually, as the firm moves to make itself more attractive to investors. The company has said it targets to strengthen its balance sheet by reducing finance costs and operating expenses to below 50 percent […]
Centum holds shares in Two Rivers Development Company Ltd. FILE PHOTO | COURTESY Centum Investment Group reduced its loss for the six months to September from $17.67 million to $5.91 million. The firm, which is listed on the Nairobi Securities Exchange (NSE), reduced its finance costs by 28 percent from $4.05 million to $2.91 million, […]
Centum holds shares in Two Rivers Development Company Ltd. FILE PHOTO | COURTESY Centum Investment Group reduced its loss for the six months to September from $17.67 million to $5.91 million. The firm, which is listed on the Nairobi Securities Exchange (NSE), reduced its finance costs by 28 percent from $4.05 million to $2.91 million, […]
NAIROBI, Kenya Dec 2 – The Capital Markets Authority (CMA) has approved the issuance of an Sh3.9 billion corporate bond for Urban Housing Renewal Development Limited in an effort meant to facilitate affordable housing. The bond would be issued through the Medium-Term Note Programme to support a housing project in Pangani, Nairobi meant to comprise […]
Women work at the front desk of the Centum Investment Company Limited in Nairobi, Kenya, file. REUTERS/Siegfried Modola NAIROBI, Nov 30 (Reuters) – Kenya’s Centum Investment Co PLC (CTUM.NR) said on Tuesday it booked a pretax loss of 696.6 million shillings ($6.19 million) for its first half through September, compared with a 2.05 billion shilling […]
James Mworia, Group CEO of the Investment firm company /FILE Nairobi, Kenya, Nov 30 – Centum Investment Company has reported KES425 million half-year operating profit, helped by a strong performance by its investee businesses. The increase in operating profit from KES95 million reported in the first six months of last year was mainly driven by […]
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