The dealmaker who has spent a decade selling every profit-making business in Centum’s portfolio has left investors holding a rump of loss-making ventures, an imploding real estate empire and the longest share-price slide in the company’s history.
Two Rivers Special Economic Zone saw its losses more than double to a staggering Sh584.5 million from Sh288.04 million, casting a long shadow over Centum’s entire portfolio.
Real estate, which accounts for nearly half of Centum’s Sh61.5 billion investment portfolio, saw operating profit fall 59 percent to Sh1.5 billion in FY25, driven by halved revaluation gains and a 30 percent drop in gross profit from residential sales.
The transaction, completed through his investment firm Kenbe Investments, involved purchasing half of Bakki Holdings Company from Centum Investments.
A recent analysis of stock performance for various Kenyan companies has revealed that Centum Investment Company PLC has underperformed compared to its peers over the period under review. The study, which tracked the performance of a Ksh1 million investment made on 26th January 2024, highlighted Centum’s relatively low returns and modest dividend payouts. According to […]
The National Assembly Committee on Lands has commenced investigations to resolve disputes over more than 12,000 acres piece of land in Vipingo, Kilifi County, in contention between local community and investors. The Committee chaired by North Mugirango Member of Parliament Joash Nyamoko, is set to establish the authenticity of the ideal owners of the piece […]
A report compiled by Knight Frank has seen sixteen wealthy Kenyans dropped from the list of Kenyan billionaires with the demotion being blamed on the covid 19 pandemic that has ravaged businesses across the globe. According to the Knight Frank Wealth Report, Kenyans with a net worth of at least $30 million (Sh3.3 billion) shrank […]
