Shareholder Chris Kirubi buys additional US$835k worth of Centum shares

KENYA – Investor Chris Kirubi has purchased an additional 5.75 million shares of Centum Investment Company with a current market value of US$835,224, embarking on his target of acquiring an extra 20 per cent stake in the Nairobi Securities Exchange-listed firm. The businessman announced on March 23 last year that he would up his stake to 49.99 per cent from the 30 per cent he held at the time, with the move coming after the share price fell further as the Covid-19 pandemic induced panic trades at the Nairobi bourse.…

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Investment company Centum launches US$64m affordable housing development

KENYA – Centum Investment Company Plc, a public East African investment company, has announced that its real estate subsidiary has launched a new 268-unit affordable housing development in the Kasarani area in Nairobi at a cost of KSh7 billion (US$64.77m). In a statement, the company says the development, branded 265 Elmer One Apartment, seeks to provide quality affordable apartments that offer competitive rental rates and capital returns to residential real estate investors, that are also ideal for owner-occupier buyers. 265 Elmer One Apartments will offer first in market design product…

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Centum Investment to pay US$7.49m in dividends after 12% growth in annual profit

KENYA – Centum Investment  shareholders are set for KSh798.5 million (US$7.49m) dividend payout, similar to what was paid the previous year, after the Group’s net profit rose by 12 percent to KSh4.63 billion (US$43.42m) for the full year ended March 2020.    The growth was driven by investment income helping the firm retain KSh1.20 (US$0.011) per share dividend payout for the third year running. Centum posted KSh4.12 billion (US$38.64m) net profit in the previous year.    Investment income grew by 57 percent to KSh14.99 billion (US$140.58m) boosted by KSh2.7 billion (US$25.32m) gain that…

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Centum subsidiary gets US$1.37m from Mastercard Foundation to set up more job centres

KENYA – Centum Investment subsidiary, Tribus-TSG, has secured a US$1.37m (KSh137 million) from the Mastercard Foundation to build ten job hubs known as Ajiry Centres. The fund will finance employee wages and equipment installations in ten counties of Wajir, Kisumu, Bungoma, Nakuru, Nyandarua, Laikipia, Meru, Nairobi, Machakos, and Kilifi. The Ajiry Centres and app, which were launched May 2019, seeks to connect job seekers with real-time job opportunities and on-demand workforce services. Centum Chief Executive Officer James Mworia said since the launch of the Ajiry App in 2019, they have…

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