• 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 raises its stake in Sidian Bank

Kenyan Business Feed by Kenyan Business Feed
Share on FacebookShare on Twitter

Centum Investment and its subsidiary Bakki Holdico Ltd have raised their combined stake in Sidian Bank to 83.41 per cent through a rights issue.

Sidian Bank disclosed in its latest annual report that only Centum and Bakki—a wholly-owned subsidiary of Centum—participated in the rights issue that was seeking to raise Sh500 million additional capital.

Centum pumps Sh1.1 billion into Sidian Bank - Business Daily
Centum CEO James Mworia (left) with Sidian Bank chief executive Chege Thumbi. PHOTO | SALATON NJAU

The lender says Bakki and Centum were each allotted an additional 282,790 and 16,726 shares respectively, sending their combined stake in the bank to 83.41 per cent at the end of December 2021. Bakki added Sh141.4 million to send its stake to 81.16 per cent, valued at Sh1.78 billion, while that of Centum rose from 2.01 per cent to 2.25 per cent to close the year at a value of Sh49.5 million.

Each of Sidian’s shares is valued at Sh500, meaning Centum’s stake in the tier III lender is Sh1.83 billion, having diluted the rest of the shareholders who did not take up the rights issue.

The bank shareholders at the Annual General Meeting held mid-July last year approved a rights issue to raise additional capital of Sh500 million from existing shareholders.“Two shareholders, Bakki Holdco and Centum Investment confirmed they will take up their rights,” says Sidian in the latest annual report.

The Centum subsidiary also acquired all the 8,254 shares of the late ambassador Bethuel Kiplagat in Sidian Bank in 2019, raising its stake from 79.99 per cent.

The transaction means that Centum now has an effective shareholding of 83.41 per cent in Sidian, up from 82.2 per cent in 2020.


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: bakki holdingCentumjames mworiaSidian Bank
Kenyan Business Feed

Kenyan Business Feed

Recommended.

Kenya Electronic Travel Authorization (ETA) and Tourism Sector Plans

Tourism Sector Recovery: Kenya Plans ETA Changes and Diversifies Offerings to Attract Global Travelers

January 28, 2025
City Hall bans new matatu saccos in decongestion drive

City Hall bans new matatu saccos in decongestion drive

June 11, 2019

Subscribe.

Trending.

Student Leaders Slam HELB and Ministry Over University Funding Delays

August 1, 2025
Tourism CS Rebecca Miano on Tuesday convened coastal public-private stakeholders in Mombasa to accelerate Kenya’s MICE sector growth, announcing progress on re-establishing the Kenya National Convention Bureau and urging youth-led innovation in tourism.

Kenya Ramps Up MICE Sector Reforms as CS Miano Confirms Convention Bureau Revival

July 1, 2025
Tech entrepreneur Brian Mwau appointed to lead global strategy at TRIFIC SEZ, a Centum-backed Special Economic Zone for service exports.

Tech Entrepreneur Brian Mwau Joins TRIFIC SEZ as Business Development Head

July 29, 2025
Through new mobile-based loan products, Safaricom is expanding credit access for Kenyan small businesses, targeting informal traders and merchants with fast, digital financing tools.

Safaricom Deepens MSME Lending with New M-PESA Credit Suite

July 14, 2025

Safaricom Bets on Ziidi to Capture Untapped Retail Investor Base

July 14, 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

Student Leaders Slam HELB and Ministry Over University Funding Delays

August 1, 2025
Tech entrepreneur Brian Mwau appointed to lead global strategy at TRIFIC SEZ, a Centum-backed Special Economic Zone for service exports.

Tech Entrepreneur Brian Mwau Joins TRIFIC SEZ as Business Development Head

July 29, 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