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Centum puts on hold plan to buy stakes in companies

Centum puts on hold plan to buy stakes in companies
Thursday July 29 2021
By PATRICK ALUSHULA
Summary
Centum chief executive James Mworia said the firm has opted to put billions of shillings in government papers to navigate the pandemic without losing capital.
Mr Mworia said the environment that Centum faced between 2009 and 2019 is totally different from the current one.
Centum Investment Group #ticker#CTUM has put on hold plans to buy stakes in companies and is shifting money in government bonds to avoid losses in Covid-19 environment.
The listed investment firm has sold stakes in firms such as Almasi Beverages Limited, Nairobi Bottlers Limited and King Beverages Limited and delayed fresh acquisitions following disruption triggered by the pandemic, that has made it difficult for deal makers to value firms on the strength of future earnings. ....

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Firm bets on lease model to boost electric tuk tuks uptake

Firm bets on lease model to boost electric tuk tuks uptake
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

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Chris Kirubi: Visionary, builder, trailblazer

Chris Kirubi: Visionary, builder, trailblazer
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Chris Kirubi dies at 80-years

Chris Kirubi dies at 80-years
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

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Billionaire Businessman Chris Kirubi is Dead

Billionaire Businessman Chris Kirubi is Dead
nairobiwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairobiwire.com Daily Mail and Mail on Sunday newspapers.

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