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Centum Investment Company Limited

Company type	Public company
Traded as	KN: ICDC USE:CENT
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$28.5 million (KES:2.45+ billion) (2013)
Total assets	US$245 million (KES:21.4 billion) (March 2013)
Number of employees	25 (2013)
Website	www.centum.co.ke

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).Cite error: A <ref> tag is missing the closing </ref> (see the help page). The company shares are also crosslisted on the Uganda Securities Exchange (USE), where they trade under the symbol:CENT.

The company is a medium-sized investment company. As of March 2013, total assets under management were valued at about US$245 million (KES:21.4 billion), with shareholders' equity valued at about US$187.6 million (KES:16.12 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.

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:

• Use dmy dates from May 2013
• 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
• 1967 establishments in Kenya