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Centum Investment Company: Difference between revisions

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*In 2014, Centum exited two investment funds [[Helios Investment Partners|Helios]] and Nigeria-based African Capital Alliance where total investments were valued at KShs 500 million.<ref>{{cite web |last=Mutegi |first=Mugambi |date=18 June 2015 |title=Centum’s profit jumps to Sh7.9bn on sale of UAP |url=http://www.businessdailyafrica.com/Corporate-News/Centum-profit-jumps-to-Sh7-9bn-on-sale-of-UAP/-/539550/2755584/-/yrnm6u/-/index.html |accessdate=22 September 2017 |location=Nairobi |newspaper=[[Business Daily Africa]]}}</ref>
*[[Rift Valley Railways]] - 10 percent shareholding previously held - A [[consortium]] that was established in 2005 to manage the [[Uganda Railway]] [[parastatal]] railways of Kenya and Uganda. This investment terminated in 2012.<ref>{{Cite web |date=21 January 2012 |title=Centum Exits From RVR |url=http://centum.co.ke/index.php/centum-news/item/19-centum-exits-from-rvr |url-status=dead |archive-url=https://web.archive.org/web/20150209143033/http://centum.co.ke/index.php/centum-news/item/19-centum-exits-from-rvr |archive-date=9 February 2015 |accessdate=2 September 2015 |publisher=Centum Investment Company Limited |location=Nairobi |df=dmy-all}}</ref>
*[[UAP Holdings]] - 14 percent shareholding previously held - An investment, retirement, and insurance services group that operates mainly in [[East Africa]]. Centum exited this investment in 2015 through a direct sale to [[Old Mutual]].<ref name="Stake">{{cite web |last=Juma |first=Victor |date=27 January 2015 |title=Old Mutual Raises Stake In UAP After KSh14 Billion Buyout |url=http://www.businessdailyafrica.com/Corporate-News/Old-Mutual-raises-stake-in-UAP-after-Sh14bn-buyout-/-/539550/2603170/-/1276u88z/-/index.html |accessdate=27 January 2015 |newspaper=[[Business Daily Africa]] |location=Nairobi}}</ref>
*[[Kenya Wine Agencies Limited]] - 26 percent shareholding previously held - A leading manufacturer, distributor, and importer of wines and spirits in East Africa. This investment ended in 2017.<ref>{{Cite news |title=Centum books gain from KWAL |url=https://www.businessdailyafrica.com/corporate/companies/Centum-books-gain-from-Kenya-Wine/4003102-4095336-who48m/index.html}}</ref>
*[[Carbacid Investments]] - 22 percent shareholding previously held - A manufacturer and marketer of [[carbon dioxide]] gas for industrial and medical use as well as [[dry ice]]. This investment ended in 2011.<ref>{{cite web |last=RIKE |date=11 May 2011 |title=Centum Confirms Carbacid Share Sale |url=http://www.rich.co.ke/media/docs/Centum%20press%20release.pdf |accessdate=12 February 2015 |publisher=Rich.co.ke (RIKE) |format=PDF |location=Nairobi}}</ref>
*[http://www.genafrica.com/index.php GenAfrica Asset Managers] - 73.4 percent shareholding - The second largest fund manager in Kenya. This investment was exited in 2018.<ref>{{Cite news|url=https://www.businessdailyafrica.com/corporate/companies/Centum-sells-stake-in-asset-management-firm/4003102-4350380-bk0lj3/index.html|title=Centum sells stake in asset management firm}}</ref>
* Aon Insurance Brokers - 22 percent shareholding - An insurance brokerage and consulting services company and the Kenyan subsidiary of [[Aon (company)|Aon Plc]].This investment was exited in 2016.<ref>{{Cite news|url=https://www.businessdailyafrica.com/markets/AON-stake-sale-earns-Centum-Sh1-billion-/539552-3251330-viwana/index.html|title=Centum exits AON}}</ref>
*[[UAP Holdings]] - 14 percent shareholding previously held - An investment, retirement, and insurance services group that operates mainly in [[East Africa]]. Centum exited this investment in 2015 through a direct sale to [[Old Mutual]].<ref name="Stake">{{cite web
|url=http://www.businessdailyafrica.com/Corporate-News/Old-Mutual-raises-stake-in-UAP-after-Sh14bn-buyout-/-/539550/2603170/-/1276u88z/-/index.html| title=Old Mutual Raises Stake In UAP After KSh14 Billion Buyout|date=27 January 2015|accessdate=27 January 2015|first=Victor|last=Juma
|newspaper=[[Business Daily Africa]] |location=Nairobi}}</ref>
*Platcorp Holdings - Owner of Platinum Credit. 45 percent shareholding. A short term financing company with subsidiaries in Kenya, Uganda, and Tanzania.<ref name="Garuga">{{cite web |last=Mugwe |first=David |date=25 February 2013 |title=Centum Gets Uganda's Approval On Real Estate Project |url=https://www.theeastafrican.co.ke/business/Centum-gets-Uganda-s-approval-on-real-estate-plan/-/2560/1704398/-/item/0/-/vpsw9k/-/index.html |accessdate=21 June 2015 |location=Nairobi |newspaper=[[The EastAfrican]]}}</ref> This investment was exited in 2018.<ref>{{Cite news |title=Centum gains Sh1bn from Platinum sale |url=https://www.businessdailyafrica.com/corporate/companies/Centum-divests-25pc-stake-micro-financier-Platinum-Credit/4003102-4347862-jciov1/index.html}}</ref>