Hope these investments make money sooner than later.

It's all over... in upcoming 18th October 2013 AGM, shareholders will be ratifying acquisition of 79.17% shareholding in Kilele Holdings Limited a company (incorporated in Mauritius)

Thanks Herr mwekez@ji. Though to quote directly from Centum Annual Report...

As at March 31, 2013 Centum Asset Managers was managing Kshs.
2.4 Billion in third party funds against a strategy target of
Kshs 4.6 Billion by March 31, 2013.


On that note, here's an excerpt of Centum 2009-2014 strategic plan.
The value proposition was to be achieved through execution of the five strategic
objectives below:

1. To achieve return on shareholder funds, that is consistently above market returns. In 2009, our returns were strongly related to the performance of the NSE;

2. To scale up assets under management with a target of Kshs. 30 Billion by 2014 from Kshs. 6 Billion in 2009. The 2014 target of Kshs 30 Billion was broken down into Kshs 23 Billion of assets on the balance sheet of Centum and Kshs 8 Billion of third party assets under management by Centum or its subsidiaries;

3. To maintain our portfolio costs at below 2.5% of assets under management;

4. To increase our geographical footprint to the rest of Africa with a target of at least 50% of the portfolio outside Kenya by the end of the Strategy period. In 2009 less than 1% of assets under management were invested outside Kenya

5. Enhance Centum’s brand by developing processes, systems, controls and the
human capital to ensure that the Company consistently delivered to promise.

One strategy would be after some time sell off what works and retain the skeletons and vice versa