Browsing: Centum Investment Company

Centum Investment subsidiary Vipingo Development Limited says up to 1,000 coastal residents will get employment in a nuts processing factory currently under construction at its manufacturing hub in Vipingo, Kilifi County in Kenya.

According to the firm, civil works for the Sh1 Billion factory have been completed and erection of the prefabricated godowns is ongoing and set for completion by end of the year.

The project is being set up by a consortium of established international investors in the food processing and value addition sector who have acquired development rights from VDL.

Ken Mbae, Managing Director of Vipingo Development Limited, said the use of modular construction technology means the project will be operational by quarter one of 2022 and have an immediate impact on the economy of Kilifi County and beyond.

Vipingo Development Limited is a fully owned subsidiary of Centum Investment PLC and is behind the transformation of the …

Centum Investment Company subsidiary Vipingo Development Limited (VDL) has handed over keys to more than 300 home buyers to their houses, following the completion of Phase 1 of the Palm Ridge Estate in Kilifi County, in the Kenyan coast.

In a statement, Vipingo Development Limited says the Sh1.5 billion housing estate comprises 330 units of one, two and three-bedroom four-storey apartments priced at Sh2.5 million, Sh3.5 million and Sh4.6 million respectively.

It marks the second major residential estate development by the company, and increases to about 400, the number of home owners within the 10,000-acre master-planned development that has a residential, commercial, school and industrial districts.

“We’re consolidating our reputation as a developer that completes projects on time, on budget and to the highest quality standards and that is why investors increasingly trust us with their money,” said the VDL managing director, Ken Mbae.

The project, dubbed 1255 Palm Ridge …