Foreign investors pulled out Sh1.48 billion from the Nairobi Securities Exchange (NSE) last month. This marks the second straight month of net-selling amid the prevailing rise in stock prices. Data from trading and corporate advisory firm AIB-AXYS Africa shows that foreigners bought shares worth Sh6.75 billion but sold others valued at Sh8.24 billion during the […]
/- Centum Investment Company’s private equity wing has set aside a KSh5 billion war chest targeting acquisitions in diverse sectors of the economy/COURTESY The NSE-listed company is scouting for already profitable businesses that are looking for growth capital or where business owners want to cash in on part of their equity investment. Centum Capital Partners, […]
Alcoholic beverages manufacturer East African Breweries Limited (EABL) has issued new medium term notes (MTN) from which it seeks to raise Ksh.11 billion in new debt. The notes to be listed at the Nairobi Securities Exchange (NSE) have a tenure of five years with a fixed yield of 12.25 per cent per year to be […]
Centum Investment Group #ticker:CTUM has shut down its shared services division as part of its cost-cutting plan, which will see staff members sent home. Centum chief executive James Mworia told the Business Daily via telephone on Friday afternoon that the affected workers would be fairly remunerated. He said the layoffs came about after functions of […]
Nairobi, Kenya, October 12 – Pan-African commercial and industrial solar and distributed energy financier GridX Duara Holdings has injected Shs770 million investment into Two Rivers Power Company (TPRC). TRPC is a wholly-owned subsidiary of Two Rivers Development Limited (TRDL) and was established to ensure the provision of reliable power to the Two Rivers Development in […]
Centum CEO James Mworia. FILE PHOTO | NMG Two Rivers Power Company (TRPC) has received Sh775 million ($7 million) loan from a commercial and industrial solar financier to expand renewable energy infrastructure projects for its parent firm, Centum Real Estate. The firm— wholly owned by Two Rivers Development Limited, which is in turn 58 percent […]
The number of Nairobi Securities Exchange (NSE) 20-Share Index constituent companies currently trading below their tangible net worth have now increased to 11. Typically, buy-and-hold investors want to pay a premium if they believe the long-term prospects of a company are bright. And the converse is true. But the Covid-19 pandemic overhang on stock 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 […]
A solar power plant. PHOTO | FILE Pan-African solar energy financier GridX Duara Holdings has injected Sh770 million into Two Rivers Power Company ( TPRC) to expand solar energy projects for Centum Real Estate. TPRC, which is wholly owned by Two Rivers Development Limited – which is in turn 58% owned by Centum Investment Company, […]
East African Breweries Limited floated KSh 11 billion corporate bond early this month but the medium-term notes were oversubscribed by 245% Capital Markets Authority says this is the single largest non-infrastructure corporate bond and commercial papers offer ever floated in the Kenyan market The funds will be used to finance investments in expanding production and […]
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