TransCentury Investments
Investing in Africa
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Public Company KN: |
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| Industry | Investments, Infrastructure |
| Founded | 1997 |
| Headquarters |
West End Towers, 8th Floor Waiyaki Way Nairobi, Kenya |
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Area served
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Sub-Saharan Africa |
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Key people
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Zephaniah Mbugua Chairman Ng’ang’a Njiinu CEO |
| Products | Private equity, infrastructure |
| Revenue |
 :Aftertax KES 1.983 Billion (2014)
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| Total assets | KES 19.464 Billion (December 2014) |
| Divisions | Power, transport, and engineering |
| Website | Homepage |
TransCentury Limited is an infrastructure company whose stock is "listed on the Nairobi Securities Exchange (NSE) with three divisions across 14 countries in East, Central and Southern Africa".
The company's headquarters are located in Nairobi, Kenya, with subsidiaries in the Democratic Republic of the Congo, Kenya, Mauritius, Tanzania, Uganda, Zambia and South Africa.
TransCentury is an investment and infrastructure company that has grown from a club of 29 friends worth less than KES 30 million in 1997, to a private equity firm and later listing on the NSE.
As at December 2014, TransCentury's total assets were valued at about KES 19.464 billion, with shareholders' equity valued at approximately KES 11.482 billion. The firm acquired a controlling interest in East African Cables in 2004, Avery in 2005, 34% of Rift Valley Railways in 2006, Tanelec and Kewberg cables in 2007 and Civicon in 2011.
Exited investments include Chai Bora of Tanzania which was acquired in 2008 (it was later sold to Catalyst Principal Partners in 2013 for an undisclosed amount) and a minority stake in Castle Brewery Kenya Limited (an SABMiller subsidiary) which it exited in 2002 when the brewer's parent firm pulled out of the local market after a market truce with EABL. TransCentury exited Rift Valley Railways (RVR) in April 2014 by selling its 34% stake in the Consortium to Citadel Capital of Egypt for an estimated US$37.8 million (KES:3.216 billon). TransCentury first invested in RVR in December 2006 by acquiring a 20% stake in the company and later increased its shareholding to 34% in May 2010.
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