Grit raises Kshs. 5B for acquisition of Orbit Africa facilities

Grit Real Estate Income Group has secured funding to conclude the acquisition and redevelopment of the Orbit Africa warehousing and manufacturing facility in Nairobi, on a sale and leaseback basis. The Kshs. 5 billion light industrial warehouse acquisition will be settled through a Kshs. 2.5 billion in senior debt finance negotiated with the International Finance […]

Centum's unit looks to invest $45 million in firms in Kenya, neighbouring markets

Centum’s unit looks to invest $45 million in firms in Kenya, neighbouring markets

FILE PHOTO: The Two Rivers Shopping mall whose majority shareholding belongs to Centum Investment Company Nairobi, Kenya September 9, 2019. REUTERS/Njeri Mwangi NAIROBI (Reuters) – A unit of Centum Investment Company, Kenya’s largest listed investment firm, plans to spend 5 billion shillings ($45.02 million) to acquire stakes in domestic companies as well as those in […]

Centum's unit looks to invest $45 million in firms in Kenya, neighbouring markets

Centum’s unit looks to invest $45 million in firms in Kenya, neighbouring markets

FILE PHOTO: The Two Rivers Shopping mall whose majority shareholding belongs to Centum Investment Company Nairobi, Kenya September 9, 2019. REUTERS/Njeri Mwangi NAIROBI (Reuters) – A unit of Centum Investment Company, Kenya’s largest listed investment firm, plans to spend 5 billion shillings ($45.02 million) to acquire stakes in domestic companies as well as those in […]

Centum’s unit looks to invest $45 mln in firms in Kenya, neighbouring markets

Credit: REUTERS/Siegfried Modola NAIROBI, Nov 1 (Reuters) – A unit of Centum Investment Company CTUM.NR, Kenya’s largest listed investment firm, plans to spend 5 billion shillings ($45.02 million) to acquire stakes in domestic companies as well as those in neighbouring countries. The group, which is also listed on the Uganda bourse, owns shares in listed […]

Centum Commits KSh 5b to Expand its Private Equity Portfolio in East Africa

Centum Commits KSh 5b to Expand its Private Equity Portfolio in East Africa

Centum Capital Partners intends to acquire three companies in Kenya and two others in the region over the next five years The company said it is scouting for already profitable businesses that are looking for growth capital This comes amid the firm’s recent exits from Almasi Beverages, UAP Insurance and Kenya Wine Agencies Limited Centum […]