Welcome to the Mwango Capital Podcast where we discuss topical issues on African capital markets.
In this episode, we host Centum CEO James Mworia to discuss the firm’s sale of its 83.4% stake in Sidian Bank to Access Bank. We discuss the performance of the investment, what informed the exit, Centum’s capital allocation strategy, the depressed share price, and GEM’s investment in Centum RE.
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Show Notes
00:00:00 Introduction
00:02:13 Investment, performance, and exit from Sidian Bank
00:19:35 Capital allocation and bonuses
00:28:24 Future acquisitions and share buybacks
00:36:09 GEM’s investment in Centum RE
00:39:13 Dividend policy
00:41:54 Marketable securities and Centum’s NAV
00:45:19 Other businesses
00:48:34 The macro environment
00:56:32 Real estate and renewable energy
Episode 33: Centum's Sidian Exit