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From Kibaki-era deal making-machine into receivership battle: The story of TransCentury
Former TransCentury chairman Zeph Mbugua (left) with Anne Gachui, wife of another former chairman James Gachui during the listing by introduction of Transcentury shares at the Nairobi Securities Exchange on July 14, 2021. FILE PHOTO | NMG
TransCentury is on the brink. And if the worst happens, and it loses the current court battle it has mounted, it will not go down alone. It will drag down another listed company with it, East African Cables, in what will dim the dreams of what was once Kenya’s biggest investment firm.
The TransCentury story starts some 26 years ago, when an elite club of 26 businessmen drawn largely from Central Kenya formed an investment firm which set out to change the landscape of investing not just in Kenya but the entire East African region.
