centum is showing directionless foward momentum,wish i could have a chat with Mworia to explain this.

Why would they keep on touching a bit of this in every sector as opposed to focus on an area eg TCL is doing infrastructure and they shall do well

Centum went into real estate 2 years ago but has construction started on the Kiambu road project?
Am glad they consolidated holding in Cocacola/bottlers but now what does a lending have to offer?
infact i believe platinum credit and such institutions are in breech of the CBK lending rule that one cannot repay more than 100% interest on what he/she borrowed and this was a good exit stratergy by the holding comapny. When the new government comes in place such institutions shall have to follow the rules of the game.
Unless centums strategy is to convert platinum to a microfinance then eventually a bank but look at our banking space,the big boys own and protect their turf.....anyway all the best.

thanks.

@dunkang true story,

By the way i think Peter Mwangi was a better chap in terms of growth of business,his successor is diversifying too much with no returns to show for this strategy 2-3 years after he started it.I used to believe in Mworia but am starting to have my doubts about this strategic plan and vision.
Anyway only time will tell if its the right way.

infact i believe platinum credit and such institutions are in breech of the CBK lending rule that one cannot repay more than 100% interest on what he/she borrowed and this was a good exit stratergy by the holding comapny. When the new government comes in place such institutions shall have to follow the rules of the game.
Unless centums strategy is to convert platinum to a microfinance then eventually a bank but look at our banking space,the big boys own and protect their turf.....anyway all the best.[/quote]

Platinum is very popular with civil servants, i remember i took a loan with them once and they had direct access to my payslip coz i used to pay them through my payslip. i think they should follow the American way and give pay day loans or such. they make tons of money coz many people out there are desperate for small quick loans and the amounts they want can shock you. but platinum only focuses on those with payslips.

Haiya, what to expect next?