Centum Investment Company has completed the sale of its entire remaining interest in Sidian Bank as of March 12, 2026. This divestment marks the conclusion of Centum’s exit from Sidian Bank Limited, a journey that began in 2001 when Centum first invested in what was then known as K-Rep Bank.
Centum held a 50% stake in Bakki Holdco Limited, which in turn owned a 27.27% interest in Sidian Bank. The total cash recoveries from Sidian Bank now stand at approximately KSh 5.2 billion against a total investment of KSh 4.7 billion, reflecting a profitable exit for the investment firm.
The sale received regulatory clearance from the Central Bank of Kenya and the Competition Authority of Kenya, ensuring compliance with local financial regulations. James Mworia, Centum’s CEO, noted, “The financial effects of the transaction will be reflected in Centum’s next financial reporting cycle for the financial year ending March 31, 2026.”
Sidian Bank has seen significant growth over the years, with its assets increasing from KSh 19 billion in 2012 to KSh 94.8 billion by September 2025. This growth trajectory underscores the bank’s successful evolution in the competitive financial sector.
Prior to the sale, Centum’s investment in Sidian was valued at KSh 1.1 billion. The firm has been strategically reducing its stake in Sidian Bank through a series of transactions that began in 2023, indicating a shift in focus towards other investment opportunities.
James Mworia further stated, “The proceeds from this transaction will enable Centum to continue investing across key sectors in Kenya and the wider East African region.” This move aligns with Centum’s broader strategy to diversify its investment portfolio.
Details remain unconfirmed regarding the specific terms of the sale and the future plans for Sidian Bank under its new ownership. Observers will be keen to see how this divestment impacts both Centum and Sidian Bank moving forward.
