Centum Investments #ticker:ICDC has reached a deal to sell off a controlling 73.35 per cent stake in asset manager GenAfrica to New York-based equity fund Kuramo Capital, making it the second divestiture in a week.
The Nairobi bourse-listed firm is set to book hundreds of millions from the sale, going by GenAfrica’s valuation of Sh1.4 billion in March last year.
