Centum defers $27m investment plans as COVID-19 slows valuation

“Centum Investments Ltd has shelved negotiations for a US $27 million private equity investment over valuation concerns as the COVID-19 pandemic slows activity across emerging economies. The firm, listed on the Nairobi Securities Exchange and cross-listed on the Uganda Securities Exchange, is seeking to invest close to US $54 million in shares of private companies over five years.”