A story published in the January 24th-30th 2022 edition of Weekly Citizen under the headline; “Centum in another Sh17 billion shares fraud case” falsely accused Centum Investment Plc of failing to pay Raisin Limited Sh340 million “finder’s fee” arising from a capital raising transaction that will see Centum get Sh17 billion equity from Global Emerging Markets (GEM).
We have since established that the story was based on erroneous information, since the supposed claim by Raisin is not founded on any contractual obligation on the side of Centum Investment Plc.
A subsequent story published in the March 14th to 20th edition under the headline; “Centum finance boss forced to resign ” falsely claimed that Centum Investment Plc finance director, Wambua Kimeu, was forced to resign for allegedly being behind the leakage of confidential company documents. We have since established that Mr Wambua resigned on his own volition to pursue personal interests.
The story further made false, unsubstantiated claims against new Centum finance director, Risper Alaro, all of which we have now established to be unfounded.
We wish to unconditionally retract these erroneous and misleading stories, and unreservedly apologise to Centum and the Group CEO, Dr James Mworia, for the misleading articles.
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]
