Centum HY Results: Ksh662M Loss as Two Rivers Bleeds Cash
Similar to last year, the loss in the half-year ended September 2021 was driven by losses from Centum's Two Rivers Development and real estate investments.
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.
Kenya’s property market to benefit from China initiative
Kenya’s notable projects aligned to China’s BRI include the Mombasa-Nairobi standard gauge railway and Mombasa port’s upgrade and modernisation programme
Nairobians spend Sh87.4 billion in hotels
Global Cities 2018 report states that Kenya is anticipating an increased demand for integrated mixed-use developments owing to an increase in annual household incomes and restaurants spending
Chris Kirubi offers lessons you will never learn in business class
Kirubi says success is earned and does not depend on luck.