Rivers Development Ltd News Today

The bulk of Centum’s losses were blamed on the Two Rivers development, in which it holds 58 percent stake.

Centum said the loss after tax was mainly driven by an impairment provision of Sh721 million on 'some of the assets following a prudent assessment.'

Kenya's Centum Investment Co PLC said on Tuesday it booked a pretax loss of 696.6 million shillings ($6.19 million) for its first half through September, compared with a 2.05 billion shilling loss in the same period a year earlier.

Centum's business model since our 2009 inception was about creating investments and assets that could attract other investors to buy in at a higher valuation.