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Browsing: James Mworia
- Centum Investment Company has aborted its plans to sell its majority stake at Sidian Bank to Nigeria’s Access Bank PLC after a time lapse in effecting the $34 million deal.
- The Long Stop Date of the Share Purchase Agreement has passed without all the conditions being fulfilled or waived, despite the support and guidance of the Central Bank of Kenya.
- Further, Centum has not been able to reach acceptable terms with Access Bank PLC for a further extension of the Share Purchase Agreement.
Kenya’s Centum Investment Company has aborted its plans to sell its majority stake at Sidian Bank to Nigeria’s Access Bank PLC after a time lapse in effecting the $34 million deal.
Centum Chief Executive Officer James Mworia said the Long Stop Date of the Share Purchase Agreement has passed without all the conditions being fulfilled or waived, despite the support and guidance of the Central Bank of …
- Centum Investments will pay its shareholders KSh 391 million in dividends for the twelve months ended March 2022 amid a persistent record of losses
- The company said the dividend payout follows a reduction in its profitability for the year ended March 2022, when it made a loss of KSh 1.33 billion
- Centum said the dividend payout is part of its strategy to boost returns for its shareholders, who are sitting on major paper losses after the company’s stock declined over the past three years
Regional investment company Centum has announced that it will pay its shareholders KSh 391 million in dividends for the year ended March 2022, even as it recorded another loss.
Centum Investments, on July 26 2022, said the dividend payout is a 77 per cent rise from the KSh 219 million it paid in the period ended March 2021.
During the twelve months ending in march this …