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| {{EngvarB|date=May 2013}} | |||
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| {{Infobox_Company | | {{Infobox_Company | | ||
| company_name = Centum Investment Company Limited| | company_name = Centum Investment Company Limited| | ||
| company_logo = | | company_logo = | | ||
| company_type = |
company_type = Public company| | ||
| traded_as = {{KN|ICDC}}<br>]: CCENTUM| | traded_as = {{KN|ICDC}}<br>]: CCENTUM| | ||
| company_slogan = | | company_slogan = | | ||
| foundation = 1967| | foundation = 1967| | ||
| location = ], ]| | location = ], ]| | ||
| key_people = '''James Ngatia Muguiyi'''<br/> |
key_people = '''James Ngatia Muguiyi'''<br/>Chairman <br/> '''James Mwirigi Mworia'''<br/>managing director| | ||
| num_employees = 18 (2012)<ref></ref>| | num_employees = 18 (2012)<ref></ref>| | ||
| assets = US$140.3 million (KES:11.6 billion) (March 2012)<ref></ref>| | assets = US$140.3 million (KES:11.6 billion) (March 2012)<ref></ref>| | ||
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| ==Overview== | ==Overview== | ||
| Centum is a private, publicly traded company based in Kenya, whose shares are listed on the stock exchanges in ] and ], where they trade under the symbol: '''ICDC'''.<ref></ref> The company is a medium-sized investment company with total assets under management |
Centum is a private, publicly traded company based in Kenya, whose shares are listed on the stock exchanges in ] and ], where they trade under the symbol: '''ICDC'''.<ref></ref> The company is a medium-sized investment company with total assets under management totalling about US$140.3 million (KES:11.6 billion), as of March 2012, and shareholders' equity valued at about US$121.8 million (KES:10.04 billion).<ref></ref> | ||
| ==History== | ==History== | ||
| Industrial and Commercial Development Corporation was founded in 1967, as a government ], whose primary objective was to provide a vehicle for Kenyans to invest in the economy of newly independent ], by investing in Kenyan companies. ICDC formed a subsidiary called '''ICDC Investment Company Limited''', whose shares were listed on the ] (NSE), in 1967. | Industrial and Commercial Development Corporation was founded in 1967, as a government ], whose primary objective was to provide a vehicle for Kenyans to invest in the economy of newly independent ], by investing in Kenyan companies. ICDC formed a subsidiary called '''ICDC Investment Company Limited''', whose shares were listed on the ] (NSE), in 1967. | ||
| In 1998, with the ], having sold some of its majority shareholding, ICDC Investment Company adopted a new management structure, handing over day-to-day management to an independent professional managerial team, supervised by an independent |
In 1998, with the ], having sold some of its majority shareholding, ICDC Investment Company adopted a new management structure, handing over day-to-day management to an independent professional managerial team, supervised by an independent board of directors, elected by the shareholders. In 2007, the shareholders opted to change the name of the company to '''Centum Investment Company Limited'''.<ref></ref> | ||
| The shares of the company are publicly traded on the ] since 1967, and on the ], effective 10 February 2011.<ref></ref><ref></ref> Plans are underway to crosslist the company stock on the ] and on the ] by 2013.<ref></ref> | The shares of the company are publicly traded on the ] since 1967, and on the ], effective 10 February 2011.<ref></ref><ref></ref> Plans are underway to crosslist the company stock on the ] and on the ] by 2013.<ref></ref> | ||
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| ; Quoted Private Equity | ; Quoted Private Equity | ||
| This is the division that invests in publicly traded companies in various stock exchanges on the |
This is the division that invests in publicly traded companies in various stock exchanges on the African continent. | ||
| ; Private Equity | ; Private Equity | ||
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| ; Real Estate and Infrastructure | ; Real Estate and Infrastructure | ||
| This division is involved in real estate development in ] and ], with an eye to expanding into other |
This division is involved in real estate development in ] and ], with an eye to expanding into other East African countries.<ref></ref><ref></ref> | ||
| ==Ownership== | ==Ownership== | ||
Revision as of 09:42, 30 May 2013
| Company type | Public company |
|---|---|
| Traded as | KN: ICDC USE: CCENTUM |
| Industry | Equity Investments |
| Founded | 1967 |
| Headquarters | Nairobi, Kenya |
| Key people | James Ngatia Muguiyi Chairman James Mwirigi Mworia managing director |
| Products | Equity Ownerships, Real Estate Development |
| Revenue |  Aftertax:US$14.4 million (KES:1.19 billion) (2012) |
| Total assets | US$140.3 million (KES:11.6 billion) (March 2012) |
| Number of employees | 18 (2012) |
| Website | www |
Centum Investment Company Limited, commonly known as Centum or Centum Investments, is a private, publicly traded investment company based in Kenya. It operates as an affiliate of the government-owned Industrial and Commercial Development Corporation (ICDC).
Overview
Centum is a private, publicly traded company based in Kenya, whose shares are listed on the stock exchanges in Kenya and Uganda, where they trade under the symbol: ICDC. The company is a medium-sized investment company with total assets under management totalling about US$140.3 million (KES:11.6 billion), as of March 2012, and shareholders' equity valued at about US$121.8 million (KES:10.04 billion).
History
Industrial and Commercial Development Corporation was founded in 1967, as a government parastatal, whose primary objective was to provide a vehicle for Kenyans to invest in the economy of newly independent Kenya, by investing in Kenyan companies. ICDC formed a subsidiary called ICDC Investment Company Limited, whose shares were listed on the Nairobi Stock Exchange (NSE), in 1967.
In 1998, with the Government of Kenya, having sold some of its majority shareholding, ICDC Investment Company adopted a new management structure, handing over day-to-day management to an independent professional managerial team, supervised by an independent board of directors, elected by the shareholders. In 2007, the shareholders opted to change the name of the company to Centum Investment Company Limited.
The shares of the company are publicly traded on the Nairobi Stock Exchange since 1967, and on the Uganda Securities Exchange, effective 10 February 2011. Plans are underway to crosslist the company stock on the Dar es Salaam Stock Exchange and on the Rwanda Stock Exchange by 2013.
Investment structure
Centum's investments are organised into three (3) divisions:
- Quoted Private Equity
This is the division that invests in publicly traded companies in various stock exchanges on the African continent.
- Private Equity
This division acquires equity positions in non-publicly-traded companies, mainly in East Africa, but increasingly in other African countries.
- Real Estate and Infrastructure
This division is involved in real estate development in Kenya and Uganda, with an eye to expanding into other East African countries.
Ownership
As of March 2011, the company stock was owned by the following corporate entities and individuals:
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