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 TODAY1 Mins read

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]

BUSINESS REAL ESTATE

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 TODAY1 Mins read

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]

BUSINESS FEATURED STORY PERSON OF INTEREST

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 Correspondent2 Mins read

BUSINESS

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 Reporter1 Mins read

Centum Investment Group CEO James Mworia during the company's half year results and investor briefing on November 27, 2020. The virtual event took place at their Two Rivers offices in Nairobi. SALATON NJAU (NAIROBI)

FEATURED STORY

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 MULI2 Mins read

Centum CEO James Mworia. A letter purportedly authored by ex employees has shareholders jittery. [Photo/ © Adriane Ohanesian/FT.com]

BUSINESS MARKETS

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...