TransCentury Limited is an

infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and priv ...

company whose stock is "listed on the

Nairobi Securities Exchange The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in ...

(NSE) with three divisions across 14 countries in East, Central and Southern Africa".

Location

The company's headquarters are located in

Nairobi Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper ha ...

, Kenya, with subsidiaries in the

Democratic Republic of the Congo The Democratic Republic of the Congo (french: République démocratique du Congo (RDC), colloquially "La RDC" ), informally Congo-Kinshasa, DR Congo, the DRC, the DROC, or the Congo, and formerly and also colloquially Zaire, is a country in ...

Kenya ) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , ...

Mauritius Mauritius ( ; french: Maurice, link=no ; mfe, label=Mauritian Creole, Moris ), officially the Republic of Mauritius, is an island nation in the Indian Ocean about off the southeast coast of the African continent, east of Madagascar. It incl ...

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and ...

Uganda }), is a landlocked country in East Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territor ...

Zambia Zambia (), officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most cent ...

and

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...

Overview

TransCentury is an investment and infrastructure company that has grown from a club of 29 friends worth less than KES 30 million in 1997, to a private equity firm and later listing on the NSE. As at December 2014, TransCentury's total assets were valued at about KSh.19.464 billion/=, with shareholders' equity valued at approximately KSh.11.482 billion/=. The firm acquired a controlling interest in East African Cables in 2004, Avery in 2005, 34% of

Rift Valley Railways Rift Valley Railways (RVR) was a consortium established to manage the parastatal railways of Kenya and Uganda. The consortium won the bid for private management of the century-old Uganda Railway in 2005. The Kenya-Uganda railway had previously b ...

in 2006, Tanelec and Kewberg cables in 2007 and Civicon in 2011. Exited investments include Chai Bora of Tanzania which was acquired in 2008 (it was later sold to Catalyst Principal Partners in 2013 for an undisclosed amount) and a minority stake in Castle Brewery Kenya Limited (an

SABMiller SABMiller plc was a South African multinational brewing and beverage company headquartered in Woking, England on the outskirts of London until 10 October 2016 when it was acquired by Anheuser-Busch InBev. Prior to that date, it was the world's ...

subsidiary) which it exited in 2002 when the brewer's parent firm pulled out of the local market after a market truce with

EABL East African Breweries Limited, commonly referred to as EABL, is a Kenyan-based holding company that manufactures branded beer, spirits, and non-alcoholic beverages. Overview The group's headquarters are located in Nairobi, Kenya, with subsi ...

. TransCentury exited

(RVR) in April 2014 by selling its 34% stake in the Consortium to Citadel Capital of

Egypt Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediter ...

for an estimated KSh.3.216 billion/= (US$37.8 million). TransCentury first invested in RVR in December 2006 by acquiring a 20% stake in the company and later increased its shareholding to 34% in May 2010. In June 2014, TransCentury announced that it was going to invest a subs tantial sum from the RVR sale in a 35-megawatts geothermal power plant consortium in Menengai.

Member companies

The companies that comprise the TransCentury Group of companies include, but are not limited, to the following, as at . * East African Cables –

Kenya ) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , ...

: TransCentury's first major investment. It is a cable manufacturing company that is listed on the NSE as CABL. It has subsidiaries in Kenya and Tanzania and distribution networks across the

Eastern Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territories make up Eastern Africa: Due to the historical ...

region. In 2014, TransCentury owned 64.3 percent of East African Cables. On 26 February 2014, TransCentury announced that it was in talks with Aureos East Africa Fund LLC to acquire all of the shares held by Aureos in East African Cables in exchange for shares of the company, by way of a

share swap In corporate finance a stock swap is the exchange of one equity-based asset for another, where, during the merger or acquisition, the swap provides an opportunity to pay with stock rather than with cash; see . Overview The acquiring company ...

. This transaction increased the group's shareholding in East African Cables to 68.38%. * East African Cables Tanzania Limited –

Dar es Salaam Dar es Salaam (; from ar, دَار السَّلَام, Dâr es-Selâm, lit=Abode of Peace) or commonly known as Dar, is the largest city and financial hub of Tanzania. It is also the capital of Dar es Salaam Region. With a population of over s ...

. East African Cables holds 51.4% of this Tanzanian subsidiary. This gives TransCentury 35.2% controls of East African Cables Tanzania Limited. * Avery (East Africa) Limited –

Kenya ) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , ...

: Avery supplies, manufactures, maintains and repairs weighing scales. TransCentury owns 94.4% of Avery. * Civicon –

Mombasa Mombasa ( ; ) is a coastal city in southeastern Kenya along the Indian Ocean. It was the first capital of the British East Africa, before Nairobi was elevated to capital city status. It now serves as the capital of Mombasa County. The town is ...

Kenya ) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , ...

: Civicon Limited is an engineering firm. Civicon has operations in Kenya, Uganda, Tanzania, Rwanda, Burundi, Ethiopia, Djibouti, Congo DR and South Sudan. Its capabilities include oil and gas, power, industrial installations, specialised transport, roads, bridges, other civil works, and mining. In 2013, Civicon won a lucrative contract that involved building of roads, airstrips and other supporting infrastructure around

Tullow Oil Tullow Oil plc is a multinational oil and gas exploration company founded in Tullow, Ireland, with its headquarters in London, United Kingdom. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. His ...

's exploration blocks in northern Kenya. TransCentury owns a controlling stake in Civicon. * Kewberg –

Johannesburg Johannesburg ( , , ; Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a megacity, and is one of the 100 largest urban areas in the world. According to Demo ...

: Kewberg Cables & Braids Proprietary Limited is a leading manufacturer of instrumentation and control cables, mining and other specialised cables manufactured according to customer specifications. TransCentury own 100% of Kewberg. * Tanelec –

Arusha Arusha City is a Tanzanian city and the regional capital of the Arusha Region, with a population of 416,442 plus 323,198 in the surrounding Arusha District Council (2012 census). Located below Mount Meru on the eastern edge of the eastern bran ...

: Tanelec Limited offers comprehensive repair and service on

switchgear In an electric power system, a switchgear is composed of electrical disconnect switches, fuses or circuit breakers used to control, protect and isolate electrical equipment. Switchgear is used both to de-energize equipment to allow work to be ...

s and transformers. The company services Tanzania, Kenya, Uganda and Zambia. TransCentury owns 70% of Tanelec. * Cableries Du Congo –

Kinshasa Kinshasa (; ; ln, Kinsásá), formerly Léopoldville ( nl, Leopoldstad), is the capital and largest city of the Democratic Republic of the Congo. Once a site of fishing and trading villages situated along the Congo River, Kinshasa is now one o ...

DR Congo The Democratic Republic of the Congo (french: République démocratique du Congo (RDC), colloquially "La RDC" ), informally Congo-Kinshasa, DR Congo, the DRC, the DROC, or the Congo, and formerly and also colloquially Zaire, is a country in ...

: A cable manufacturing and distribution company. TransCentury owns 100% of Cableries Du Congo. *

Development Bank of Kenya Development Bank of Kenya is a commercial bank in Kenya. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator. Overview Development Bank of Kenya is a medium-sized financial institution providing an array o ...

–

Kenya ) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , ...

: A

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

in Kenya whose primary focus is to promote and develop commercially viable projects in Kenya. TransCentury owns 10.70% of Development Bank of Kenya with the balance held by ICDC.

Ownership

The shares of the TransCentury are listed on the Nairobi Securities Exchange under the symbol TCL. As of December 2014, the shareholding of TransCentury was as follows:

Governance

TransCentury is governed by an eight-person Board of Directors with Shaka Kariuki as the chairman and Ng’ang’a Njiinu as the CEO.

References

{{Reflist, 30em

External links

TransCentury CEO Gachao Kiuna resigns

Who Owns Kenya

Citadel Capital

Catalyst Principal Partners
Companies listed on the Nairobi Securities Exchange 1997 establishments in Kenya Companies established in 1997 Companies based in Nairobi Conglomerate companies of Kenya

Location

Overview

Member companies

Ownership

Governance

See also

References

External links