Centum Investments Company Plc has settled Sh2.3 billion debt using internally generated cash after plans to raise funds from the sale of its Sidian Bank stake to Nigeria’s Access Bank collapsed.
The Nairobi Securities Exchange-listed firm had planned to sell its entire 83.4 percent stake in Sidian Bank to the Nigerian lender for Sh4.3 billion and use part of the money on debt repayment but the deal collapsed mid-January.
