Centum Investment Company Limited
Encyclopedia
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)
, 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.
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$144 million (KES:12 billion), as of September 2010. Centum's investments are organised in three (3) divisions:
Quoted Private Equity
This is the division that invests in publicly traded companies in various stock exchanges on the Africa
n 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 Africa
n countries.
was owned by the following corporate entities and individuals:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Centum Investment Company Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Industrial and Commercial Development Corporation ||23.51
|-
|2||Christopher John Kirubi||17.52
|-
|3||Stanbic Nominees (Kenya) Limited||05.75
|-
|4||Kiruma International Ltd||05.15
|-
|5||International House Ltd||04.19
|-
|6||Barclays Bank (Kenya) Nominees ||01.25
|-
|7||Jubilee Insurance Company
of Kenya
||00.84
|-
|8|| John Kibunga Kimani||00.46
|-
|9||Over 37,000 Other Investors ||41.32
|-
| ||Total||100.00
|-
|}
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
. It operates as an affiliate of the government-owned Industrial and Commercial Development Corporation (ICDC)
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 KenyaKenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
, by investing in Kenyan companies. ICDC formed a subsidiary called ICDC Investment Company Limited, whose shares were listed on the Nairobi Stock Exchange
Nairobi Stock Exchange
The Nairobi Securities Exchange is the principal stock exchange of Kenya. It began in 1954 as an overseas stock exchange while Kenya was still a British colony with permission of the London Stock Exchange. The NSE is a member of the African Stock Exchanges Association...
(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
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
, 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
Nairobi Stock Exchange
The Nairobi Securities Exchange is the principal stock exchange of Kenya. It began in 1954 as an overseas stock exchange while Kenya was still a British colony with permission of the London Stock Exchange. The NSE is a member of the African Stock Exchanges Association...
since 1967, and on the Uganda Securities Exchange
Uganda Securities Exchange
The Uganda Securities Exchange is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's central bank.The exchange's doors opened to trading in...
, 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
Rwanda Stock Exchange
The Rwanda Stock Exchange , is Rwanda's principal stock exchange. It was founded in January 2011. The RSE is operated under the jurisdiction of Rwanda's Capital Markets Advisory Council, , which in turn reports to National Bank of Rwanda, the country's Central Bank.The exchange's doors opened for...
by 2013.
Overview
Centum is a private company based in Kenya, whose shares are listed on the stock exchanges in KenyaKenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
and Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
, 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$144 million (KES:12 billion), as of September 2010. Centum's investments are organised in three (3) divisions:
Quoted Private Equity
This is the division that invests in publicly traded companies in various stock exchanges on the Africa
Africa
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
n 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
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
and Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
, with an eye to expanding into other East Africa
East Africa
East Africa or Eastern Africa is the easterly region of the African continent, variably defined by geography or geopolitics. In the UN scheme of geographic regions, 19 territories constitute Eastern Africa:...
n countries.
Ownership
, the company stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
was owned by the following corporate entities and individuals:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Centum Investment Company Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Industrial and Commercial Development Corporation ||23.51
|-
|2||Christopher John Kirubi||17.52
|-
|3||Stanbic Nominees (Kenya) Limited||05.75
|-
|4||Kiruma International Ltd||05.15
|-
|5||International House Ltd||04.19
|-
|6||Barclays Bank (Kenya) Nominees ||01.25
|-
|7||Jubilee Insurance Company
Jubilee Insurance
Jubilee Insurance Company Limited , commonly referred to as Jubilee Insurance, is a leading insurance company in East Africa. The company maintains its headquarters in Nairobi, the capital city of Kenya, with subsidiaries in Burundi, Mauritius, Tanzania, and Uganda...
of Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
||00.84
|-
|8|| John Kibunga Kimani||00.46
|-
|9||Over 37,000 Other Investors ||41.32
|-
| ||Total||100.00
|-
|}