Centum
Centum: Kirubis Brace for Big Loss
Centum owns a 58 percent stake in the development which includes Two Rivers Mall as well as commercial and residential spaces.
BUSINESS TODAY
![Centum RE CEO Kenneth Mbae. Centum RE's operating expenses grew to Ksh748.4 million in the year ended March 2023 up from from Ksh502.1 million the previous year. [Photo/ Centum RE]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2023/07/Kenneth-Mbae.jpg?fit=680%2C453&ssl=1)
Turnaround as Centum RE Posts Ksh174M Net Profit
The big turnaround has been attributed primarily to valuation gains in the Centum RE portfolio. Centum RE's portfolio includes hundreds of high-end apartments...
BUSINESS TODAY
![Maryanne Musangi. The gazettement of Two Rivers Financial Centre as a special economic zone is expected to boost the prospects of the Two Rivers Development, which in recent times has been posting losses. [Photo/ NMG]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2023/06/musangi.jpg?fit=680%2C382&ssl=1)
Kirubi Heiress Strikes New Goldmine
Chris Kirubi, who passed away in 2021 aged 80, owned a 31-percent stake in Centum Investments. The stake is today held by his...
BT Correspondent
Centum Exits Buyout Deal With Access Bank
Centum Investment Company PLC has abandoned a buyout deal with Nigerian lender Access Bank. In a statement on Thursday, January 12, 2022, Centum...
BT Reporter
James Mworia: How His Salary Dropped From Ksh1 Million A Day To Ksh125,000
In the year ended March 31, 2017, it was revealed that Centum Investment Company CEO James Mworia earned Ksh375.6 million, or Ksh1 million...
FRANCIS MULI
![Centum CEO James Mworia. A letter purportedly authored by ex employees has shareholders jittery. [Photo/ © Adriane Ohanesian/FT.com]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2021/11/jm.jpg?fit=680%2C383&ssl=1)
High-Stakes Battle for Centum Sends Stock Tumbling
Centum has interests in Real Estate, Private Equity (PE), Development and Marketable Securities. Primarily, the letter poked holes in the management, business and...
MARTIN SIELE
![Cascadia Apartments in Gigiri, Nairobi. It is among Real estate ventures under the Centum umbrella. [Photo/ CentumRe]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2021/09/cascadia_apartments_featured.jpg?fit=600%2C404&ssl=1)
Centum Plots Ksh16 Billion Exit from Real Estate Subsidiary
The funds raised would be reinvested in stocks, bonds and private equity, reducing the noticeable prominence of real estate in Centum's portfolio.
MARTIN SIELE
Two Rivers Posts Ksh1.9 Billion Loss Denting Centum Prospects
Notably, Two Rivers Development Ltd. (TRDL) in which Centum holds a 58% stake posted a whopping Ksh1.9 billion loss for the year. Two...
MARTIN SIELE
Lamu Coal Power Plant: Talks to Save Stalled Mega-Project
Amu, a joint venture between Centum and Gulf Power, has faced a series of setbacks as it tried to pull off the mega-project.
MARTIN SIELE
