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 CEO James Mworia said that the company was forced to abandon the deal after the expiry of the agreed "long stop date". Through...
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 per day. The pay made him the highest-paid CEO in Kenya, earning an average of Ksh31.3 million per month. However, in the...
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 operating models of its Real Estate and Private Equity ventures.
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.
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 Rivers is a mixed-use development known for its lifestyle offerings including the Two Rivers mall, apartments and recreational spaces.
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.