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| 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. Its 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. As of March 2012, assets under management total about US$140.3 million (KES:11.6 billion), with 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 the African Great Lakes region, but increasingly in other parts of the continent as well.
- Real Estate and Infrastructure
This division is involved in real estate development in Kenya and Uganda, with an eye to expanding into other countries in the African Great Lakes region.
Ownership
As of March 2011, the company stock was owned by the following corporate entities and individuals:
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