Allegations of financial impropriety were made against Centum Investments. Bizna sought clarification and below is the accounting response (in bold) by the investment firm associated with billionaire investor Chris Kirubi.
Consolidated Statement Of Financial Position (ie Balance sheet )
In 2014...
Kenya's economy grew 5.8 percent in the third quarter of this year, driven by construction and agriculture and helped by a more gradual decline in tourism compared to last year, the statistics office said on Wednesday.
Economic growth for the...
Pan Africa Insurance Holdings has said that its 2015 full-year earnings will drop by at least a quarter, growing the list of NSE-listed firms that have issued profit warnings to 15.
The insurer announced Tuesday that its anticipated profit drop...
What is in a name? For Professor Miriam Kinyua, it was the only collateral she used to secure seed capital to launch a school.
Many lenders dismissed her. “Professor, raise about Sh5 million and we shall offer you a loan,”...
Nakumatt Supermarkets is set to open an outlet in Kiambu town by the end of next year, becoming the first of the five major retailers to set up base in the bustling urban centre.
The country’s biggest retailer by revenue...
Is this the year you want your financial picture to shine? We’ve got some good news: There are no tax increases looming, and the banking, housing and labor markets are solid. That means this is the perfect time to...
One of the most important questions that often comes to farmers’ minds is, “what seeds should I plant?” Now, before rushing to the nearest agrovet or seed stockist, arm yourself with this guide that will enable you select the...
What you do on the eve of the New Year quite often determines what happens in the next 12 months.
That may be true for Centum Investments, which moved away from the equities market that suffered massively this year and...
Britam Holdings has announced its 2015 profit will fall below last year’s, becoming company number 14 to issue a profit warning.
UAP Insurance, which is not quoted but exchanges on the over-the-counter market, also gave a profit alert last Thursday...
Bizna wishes you all a Merry Christmas! May good tidings, God's blessings and protection be with you and your loved ones during this festive season.
Thank you for keeping it Bizna and Merry Christmas To You!
