Centum buys UK fund's 37.5pc stake in Akiira Geothermal

Centum CEO James Mworia

Centum Investment Group CEO James Mworia.

Photo credit: File | Nation Media Group

Centum Investment Company has bought out a UK renewable energy fund from Akiira Geothermal Limited, doubling its stake to 75 per cent, as it holds talks with potential investors to build a green power plant.

Centum chief executive James Mworia said the firm had acquired the entire 37.5 per cent stake in the DI Frontier Market & Carbon Fund last month, adding to a similar-sized stake it already held in Akiira.

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