Overweight and undervalued: why Centum is selling real estate stake

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Centum Group CEO James Mworia during the interview at his Nairobi office. PHOTO | DIANA NGILA | NMG

Investment firm Centum recently announced that its real estate arm was looking to raise Sh17 billion from an equity deal with Luxembourg based private equity firm GEM Global Yield, as part of a wider shift from debt.

The company’s chief executive James Mworia spoke to the Business Daily about the plans to list the real estate subsidiary, new investment areas and what can revive its undervalued stock at the bourse.

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