• About
  • Advertise
  • Privacy & Policy
  • Contact
Kenyan Business Feed
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
Kenyan Business Feed
No Result
View All Result
Home News

Centum Investment Company PLC Charts a New Course For Growth

by
centum
Share on FacebookShare on Twitter

Centum Investment Company PLC is embarking on a transformative path following key decisions approved by shareholders at a recent general meeting.

These resolutions are poised to strengthen the company’s financial standing and expand its investment footprint, underscoring Centum’s role as a leader in Kenya’s investment sector.

Highlights of Approved Resolutions

  1. Formation of Two Rivers Land Company (SEZ) Limited
    Centum shareholders approved the establishment of Two Rivers Land Company (SEZ) Limited as a new subsidiary. This move enhances Centum’s real estate ventures, especially within Kenya’s special economic zones (SEZs), where promising growth opportunities await.
  2. Increased Stake in Akiira Geothermal Limited
    Centum has acquired an additional 37.5% in Akiira Geothermal Limited, now making it a subsidiary. This significant acquisition strengthens Centum’s renewable energy portfolio, allowing for a larger role in Kenya’s geothermal energy sector.
  3. Partial Divestment in Sidian Bank Limited
    In a strategic divestment, shareholders agreed to reduce Centum’s holding in Sidian Bank, retaining a 20% stake. This decision will streamline Centum’s banking investments while allowing for future growth in this area.
  4. Share Buyback Program
    Shareholders approved a share buyback plan, permitting Centum to repurchase up to 65,559,241 shares—10% of the issued share capital—within a price range of KES 0.50 to KES 9.51 per share over an 18-month period. This initiative aims to enhance shareholder value and optimize the company’s capital structure.
  5. Re-allotment of Repurchased Shares
    To support the buyback program, directors were granted authority to re-allot purchased shares, valid for up to five years. This flexibility ensures adaptability in future capital management.

These strategic moves reflect Centum’s commitment to strengthening its diversified portfolio. The company’s expansions in energy and real estate, restructured banking interests, and shareholder-focused initiatives underscore its readiness for sustainable growth.

Additionally, shareholders can expect a dividend of KES 0.32 per share, payable around December 13, 2024, reflecting Centum’s robust performance in the fiscal year ending March 31, 2024.

As Centum continues to diversify and innovate, it remains a symbol of financial leadership and growth in Kenya’s corporate landscape.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]
Tags: Centum ShareholdersNew Resolutions

Recommended.

Fate of impeached Waititu now lies with the Judiciary as Nyoro swearing-in is postponed

January 30, 2020

KADZUTU: How to protect savings from inflation erosion

May 20, 2019

Subscribe.

Trending.

Co-op Bank Branches in Nairobi and Their Contacts

March 3, 2025
Co-operative Bank Subsidiaries

Co-operative Bank Subsidiaries Shine with Strong 2024 Profits

April 2, 2025
Kenya Wildlife Service shares an update on the successful repatriation of 17 mountain bongos, now thriving in their newly established sanctuary in Mount Kenya, marking a major milestone in conservation efforts.

Repatriated Mountain Bongos Show Signs of Thriving in Their New Habitat

April 1, 2025
Tourism CS Rebecca Miano discusses the economic impact and global appeal of the 2025 Safari Rally

Tourism CS Rebecca Miano Reveals Economic Impact of the 2025 Safari Rally

April 1, 2025

Tourism Ministry Leads Push to Improve Passenger Experience at JKIA with New Service Charter

April 1, 2025
Kenyan Business Feed

We focus on news, analysis, and reports about Kenyan business, covering sectors like agriculture, finance, tourism, and technology.

Categories

  • African
  • Agribusiness
  • Courts
  • Education
  • Health
  • Hospitality
  • Manufacturing
  • NetWorths
  • News
  • Reports & Analysis
  • World Business

Popular News

  • First look at the prison where El Chapo may live for the rest of his life

    First look at the prison where El Chapo may live for the rest of his life

    2157 shares
    Share 1040 Tweet 466
  • Sameer Africa CEO Sacked

    1803 shares
    Share 749 Tweet 439

Recent News

Co-operative Bank Subsidiaries

Co-operative Bank Subsidiaries Shine with Strong 2024 Profits

April 2, 2025
Kenya Wildlife Service shares an update on the successful repatriation of 17 mountain bongos, now thriving in their newly established sanctuary in Mount Kenya, marking a major milestone in conservation efforts.

Repatriated Mountain Bongos Show Signs of Thriving in Their New Habitat

April 1, 2025
  • Home
  • African
  • News
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF

No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF