KondooEconomist wrote:Thiong'o wrote:KondooEconomist wrote:What is this man trying to say, is it desparation, a trap, or is he just being a wise old man?
He is saying that Centum Investments Company director Dr Chris Kirubi has been crowned Africa CEO of the year at the 2015 Africa CEO Forum Awards.
Every year, organisers of the Africa CEO Forum hand out awards to companies and investors whose strategy demonstrate their determination to participate in the dynamic growth of Africa.
Kirubi tied in the top position with Algeria’s Issad Rebrab, Cevital Group CEO.
Other nominees for the award included Nigeria’s Wale Tinubu – Oando, Egypt’s Ahmed Abou Hashima – Egyptian Steel, Zimbabwe’s Morgan Nzwere – Seedco among others.
“Because their achievements encourage the emergence of competitive African businesses which have the potential of becoming international groups, the nominees – and winners – are selected for demonstrating their commitment and results in four keys areas among them, promotion of the African private sector and strengthening regional integration,” the forum organisers said.
Other areas are development of intra-African trade, social and environmental responsibility.
http://www.capitalfm.co....-2015-africa-ceo-forum/
I get all that
. My question is
why is he insisting on Centum shares? Nowadays thats all he talks about!
@ KondooEconomist, he is trying to rally the share ….
and your answer can be found in the three reasons he gave for sale of his investments in UAP.
1. The Investment was ripe
2. To diversify Investments
3. To make profit
Especially on centum and diversifying Investments
Centum has so many projects at hand. We have the power projects, one the Coal Power Plant in Lamu which requires about $2 billion (Sh183 billion), we have a geothermal project in Naivasha that also requires a lot of money.
We are hopeful that we will resolve our issues to buy out REA Vipingo Plantations.
We are also developing the largest mall in East and Central Africa with a lot of complexes that include restaurants, entertainment in Two Rivers where we have 100 acres of land.
We, at the same time, we had just bought K-REP Bank (66 percent stake at Sh2.5 billion), a company that had stagnated for so long and we plan to transform it to make it what we dream it should be. We are now doing strategic studies into the bank that includes use of technology, human resource to figure out the capital we need to invest in it.
http://www.capitalfm.co....uap-holdings-dr-kirubi/