Centum Investment Company Ltd (NSE:ICDC) – Investment Sector

Centum Investment Company Ltd (NSE:ICDC) is an investment company with holdings in various sectors. The company was formerly known as ICDC Investment Company Limited. As an investment company, ICDC provides investors, both individual and institutional, with a wide range of investment opportunities because of its stakes in various industries. ICDC invests in both listed and non-listed companies and its investment stakes can be traced in sectors such as insurance, banking, beverage and vehicle assembly.

Cross-listing on USE
Centum Investment Company Ltd (NSE:ICDC) was listed on the Nairobi Securities Exchange in 1967. It is also cross-listed in Uganda on the Uganda Stock Exchange (USE). Cross-listing means that shares of the company are traded on more than one securities exchange market.

Where ICDC has invested
Centum Investment Company Ltd (NSE:ICDC) is the largest shareholder in K-Rep Bank, owning more than 67% of the young commercial bank company. ICDC owns more than 50% in Almasi Beverages Limited, which is the second-largest Coca-Cola bottling company in Kenya. Its other significant beverage stake is in Nairobi Bottlers, where it owns 27% of the largest Coca-Cola bottling company in Kenya. ICDC also has significant interest in wines and spirits giant KWA Holdings, where it owns 27% of the leading manufacturer and distributor of wines and spirits in East Africa.

Centum Investment Company Ltd (NSE:ICDC)’s other stakes are in Genesis Kenya Investment Management Limited, where it owns more than 73% of the second-largest fund manager in Kenya. ICDC controls over 35% in Platinum Credit, a financing company with operations in Kenya, Uganda and Tanzania. ICDC also owns about 18% of General Motors East Africa, which is a subsidiary of the American automaker General Motors Company (NYSE:GM). Other companies in which ICDC has a stake are NAS Servair, an airport catering company, and UAP Holdings, an investment, insurance and retirement company.

Investors in ICDC
Some of the notable individual investors in Centum Investment Company Ltd (NSE:ICDC) are Chris Kirubi and John Kibuga, whose ownership in the investment company was 18.36% and 4.82%, respectively, according to the most recent disclosures.
The other investors in ICDC include the Government of Kenya, which owns 22.97% of the company and CFC Stanbic, which owns 5.52% of ICDC, according to the latest disclosures.

More about ICDC
Investment companies allow investors to access various investment opportunities in one place. For example, investing in ICDC gives you exposure to the beverage, vehicle assembly, banking, insurance and hospitality industries because the company has stakes in these segments. The other benefit of investment companies is that they give you access to investment opportunities that are not available to the public such as non-listed companies like NAS Servair.

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