Centum Investment Company Limited
| Public Limited Company | |
| Traded as |
KN: USE:CENT |
| Industry | Investments |
| Founded | 1967 |
| Headquarters | Nairobi, Kenya |
|
Key people
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| Products | Equity Ownerships, Real Estate Development, Agribusiness, Publishing, Banking, Power generation, etc. |
| Revenue |
 Aftertax:US$60.6 million (KES:6.158 billion) (FY:2016/2017) |
| Total assets | US$606+ million (KES:61.57 billion) (March 2017) |
|
Number of employees
|
140 (2017) |
| Website | www |
Centum Investments, commonly known as Centum is a public East African investment company. It operates as an affiliate of the Kenyan government-owned Industrial and Commercial Development Corporation (ICDC).
Centum is a publicly owned investment company with headquarters in Nairobi, Kenya. Its shares are listed on the Nairobi Securities Exchange (NSE), where they trade under the symbol: ICDC. The company shares are also cross-listed on the Uganda Securities Exchange (USE), where they trade under the symbol: CENT. As of March 2017[update], total assets were valued at about US$606 million (KES:61.67 billion).
Centum has invested in a politically controversial coal-fired power plant in Lamu through Amu Power Company, in which it holds a majority stake. (See Lamu Coal Power Station). Local communities in Lamu have challenged the establishment of the power station, citing irregularities in the issuing of the Environmental and Social Impact Assessment (ESIA).
In June 2017, community activist Okiya Omtatah Okoiti threatened legal action against the government of Kenya. He wants the development of the plant abandoned, on grounds the proposed power station will cost taxpayers billion of shillings through the PPA Power Purchase Agreement
Lamu is a UNESCO world heritage site and the plant would destroy the environment of Lamu at a time when renewable clean energy is available The climate change costs of coal will only increase in the coming years while innovation is driving the price of renewable energy sources down. Compared to coal, renewable energy sources such as solar, geothermal, and wind, have lower total costs, less long-term risk, and greater potential to power Kenya’s sustainable economic development
ICDC was founded in 1954 as a government parastatal, whose primary objective was to provide a vehicle for Kenyans to invest in the economy of newly independent Kenya by investing in Kenyan companies. In 1967, ICDC formed the subsidiary ICDC Investment Company Limited, whose shares were listed on the NSE.
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