Centum MOU with Oxford Business Group

Centum MOU with Oxford Business Group
June 12, 2014



Annie Michailidou, Country Director, Oxford Business Group signs Memorandum of Understanding

with James Mworia, CEO, Centum Investment Company Limited

 Kenya, May 2014: Kenya’s plans to raise a reported $1.5bn for infrastructure development through its first Eurobond will be mapped out in a forthcoming report to be produced by the global publishing firm, Oxford Business Group.

The Report: Kenya 2014 will explore the opportunities that the debt issue, which is expected to be sub-Saharan Africa’s largest to date, will provide financial investors seeking exposure to the country. The first-time publication will also look at the positive impact that the discovery of new hydrocarbon deposits and aquifers in the country looks set to have on investor sentiment.

OBG has signed a Memorandum of Understanding (MOU) on research facilities with Centum Investment Company Limited (Centum) for its launch report on Kenya. Under the MOU, OBG will have access to the firm’s resources, which will be used to compile the Capital Markets chapter and shares analysis of The Report: Kenya 2014.

Centum is East Africa’s largest quoted Investment Company whose shares are listed on the Nairobi Securities Exchange and cross-listed on the Uganda Securities Exchange. Establishes in 1967, Centum is organized into three businesses Private Equity, Asset Management and Real Estate with assets under management in excess of US$1.5 Billion. Centum investments are distributed across market leading unquoted companies, quoted equities in stock exchanges across Sub-Saharan Africa and two main real estate projects namely Two Rivers in Nairobi-Kenya and Pearl Marina in Garuga-Uganda.

OBG’s Country Director, Annie Michailidou, said she was thrilled to be teaming up with Centum for the Group’s new project, which, she said, came at a pivotal time in the country’s development.

“Planned reforms and devolution look set to improve Kenya’ overall business environment, while the country’s major transport projects, which form a key link in its preparations for commercial production of oil, are of significant interest to investors,” she said.” As East Africa’s largest quoted Investment Company, Centum has extensive experience of working with the local securities exchange and substantial regional equity investments in blue chips. I am thrilled that we will benefit from the firm’s breadth of knowledge and expertise in our capital markets coverage and shares analysis, which form a vital component of any Group report.”

Centum’s CEO, James Mworia, added that Kenya’s investment opportunities were increasing across all sectors of the economy, while foreign participation on the Nairobi Securities Exchange was also on the rise.

“A report such as this is essential, bridging any information gaps, which, to date, have plagued the international business community,” he said. “Given Oxford Business Group’s annual coverage of ten other markets on the continent, this partnership with the publishing company is highly strategic and, while matching our own goals for expansion in the region, will, I’m sure, be welcomed by investors globally.”

The Report: Kenya 2014 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will be available in print or online.

About Oxford Business Group

 Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of the Middle East, Africa, Asia and Latin America Through its range of print and online products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms.  The Report: Kenya 2014 will be produced in partnership with KenInvest (Kenya Investment Authority), Kenya Private Sector Alliance (KEPSA), Anjarwalla & Khanna law firm and Centum Investment Company.

 The critically acclaimed economic and business reports have become the leading source of business intelligence on developing countries in the regions they cover. OBG’s online economic briefings provide up-to-date in-depth analysis on the issues that matter for tens of thousands of subscribers worldwide. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms currently operating in these markets and those looking to enter them.

For more information please contact:

Oxford Business Group, 131-151 Gt Titchfield St, London, UK W1W 5BB

Stephanie Parker, Director of Communications

Phone: +44 207 403 7213

E-mail: sparker@oxfordbusinessgroup.com