Centum’s costs rise on investments, posts 10.67pc growth in net income
Centum Investments has posted a 10.67 per cent growth in net income in the six month period ended September driven by growth in investment income and a corresponding increase in costs. The Nairobi Securities Exchange (NSE) listed firm, which has been investing heavily in real estate in Kenya and Uganda has said that profits after tax rose to Sh892 for the period ended September 2013 from Sh806 million over a similar period ended September 2012.
Read more: Centum’s costs rise on investments, posts 10.67pc growth in net income
China car exports up 24% over January – April
Passenger vehicle exports, by both domestic and foreign companies, surged in the first four months of the year, according to the latest statistics.
From January to April, exports of sedans, sport-utility vehicles, multi-purpose vehicles, and minivans accelerated
Read more: China car exports up 24% over January – April
Simba Colt Motors bets on new Fuso model to capture light and heavy duty market
Simba Colt Motors, the franchise holder for Mitsubishi Motors and heavy commercial vehicles expects the entry of the new FUSO model to shake up the light duty and heavy Commercial truck market and fill the growing customer demand in the region.
Read more: Simba Colt Motors bets on new Fuso model to capture light and heavy duty market
INVESTORS MOVE AHEAD WITH NEW KENYA DATA CENTER
Guy Willner, one of the founders of IXEurope which sold to Equinix for £270m in 2007 and more recently co-founder of IXcellerate, which operates out of a 15,741 sq m data center campus in Moscow, is now establishing a carrier-neutral data center in Kenya, which is scheduled to open by the end of this year.
