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Centum Investment Company Limited

Company type	Public: NSE & USE: ICDC
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)
Website	Homepage

Centum Investment Company Limited, commonly known as Centrum 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 company based in Kenya, whose shares are listed on the stock exchanges in Kenya and Uganda, where they are publicly traded under the symbol: ICDC. The company is a medium-sized investment company with total assets under management totaling 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:

• Companies of Kenya
• Companies established in 1967
• Companies listed on the Nairobi Stock Exchange
• Companies listed on the Uganda Securities Exchange
• Companies based in Nairobi
• Nairobi