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Centum profit hits Sh244m as board okays share buyback plan

Centum Group CEO James Mworia and Group Chief Finance Officer Risper Alaro during the firm's half-year investor briefing in Nairobi. [Wilberforce Okwiri, Standard]

The board of Centum Investment has approved a plan to buy back up to 10 per cent of the firm's issued and paid-up share capital.

The firm said that the move is intended to provide liquidity for the shares of the dual-listed firm as well as reward long-term shareholders.

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