Centum Investments has incorporated two subsidiaries in Mauritius to be used as vehicles for penetrating new regions as the company powers on its geographical diversification strategy.
The listed investment firm will be asking shareholders to ratify the incorporation of Centum Development and Centum Exotics, both based in Mauritius, in the forthcoming annual general meeting.
Centum is diversifying its Sh14.5 billion portfolio both by exiting mature equity investments and spreading its funds in the region, with a target of having at least 50 per cent of its investment outside the country.
“When investing in other parts of Africa you need a good vehicle and Mauritius is a good domicile due to its numerous tax agreements with other countries,” said James Mworia, chief executive of Centum Investments