His move comes as shares remain attractively priced on the Nairobi Securities Exchange.
Centum
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- East Africa
Centum, controlled by heirs of late Kenyan tycoon Chris Kirubi halts plans to dilute stake in Two Rivers unit
Centum Investment Plc is controlled by Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire
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Kirubi died last year at the age of 80 following a four-year battle with illness.
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Egypt’s richest man Nassef Sawiris loses $340 million in November as shares in Adidas slump
Since the year began, his net worth has declined by $44.2 million, or seven basis points.
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Centum is a leading East African investment company with investments in real estate and private-equity assets.
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Centum Investment Company has declared a loss of $12.6 million at the end of its 2021 accounting year.
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The multimillionaire industrialist held a 30.08-percent stake in the leading investment group.