TransCentury Investments

TransCentury Limited
Public Company
KN: TCL
Industry Investments, Infrastructure
Founded 1997
Headquarters Longonot Place
Nairobi [1], Kenya
Area served
 Sub-Saharan Africa
Key people
 Zephaniah Mbugua
Chairman
Gachao Kiuna
CEO
Products Private Equity, Infrastructure
Revenue Decrease KES 11.8 Billion (2013)[2]
Total assets Decrease KES 19.15 Billion (June 2014)[3]
Divisions Power, transport and engineering
Website Homepage

TransCentury is an infrastructure comprising power, transport and engineering companies in the Sub-Saharan Africa region.

Location

The company's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania, Uganda, Zambia and South Africa. The company is listed on the Nairobi Stock Exchange and trades as TCL.

Overview

TransCentury is a fast-growing investment and infrastructure and is a major player in the engineering industry of Eastern Africa. The company has grown from a club of 29 friends[4] worth less than KES 30 million in 1997, to a private equity firm [5] and later listing on The Nairobi Stock Exchange by way of introduction.[6] Its total assets were valued at about KES 21.8 billion in 2012.[7]

The firm acquired a controlling interest in East African Cables in 2004, Avery in 2005, 34% of Rift Valley Railways 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) [8][9] and a minority stake in Castle Brewery Kenya Limited (an SABMiller subsidiary) which it which it exited in 2002 when the brewer's parent firm pulled out of the local market [10] after a market truce with EABL.[11]

TransCentury exited Rift Valley Railways (RVR) in April 2014 by selling its 34% stake in the Consortium to Citadel Capital of Egypt for an estimated US$37.8 million (KES:3.216 billon).[12] 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.[13]

In June 2014, TransCentury announced that it was going to invest a substantial sum from the RVR sale in a 35-megawatts geothermal power plant consortium in Menengai.[14] This move would see them enter the power generation sector.

Member Companies

The companies that comprise the TransCentury group of companies include, but are not limited, to the following:[15][16]

Ownership

The shares of the TransCentury are listed on the Nairobi Stock Exchange under the symbol TCL. As of December 2012, the shareholding of TransCentury was as follows:[25]

TransCentury Stock Ownership
Rank Name of OwnerPercentage Ownership
1 Anne Pearl Karimi Gachui 7.58
2 Michael Gitau Waweru 7.57
3 Peter Tiras Kanyago 6.31
4 Jimnah Mwangi Mbaru 5.81
5 Gitau Zephaniah Mbugua 4.82
6 Others 67.91
Total100.00

Governance

TransCentury is governed by an eight-person Board of Directors with Zephania Mbugua as the chairman and Gachao Kiuna as the CEO.

Other Links

See also

References