Kenya’s Centum to Invest $22 Million in Ugandan Luxury Marina
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Centum Investment Co. Ltd., Kenya’s largest publicly traded investment group, is putting $22 million into a luxury marina project in neighboring Uganda that is expected to be finished by the end of 2016.
Construction of the first phase of Pearl Marina, 20 kilometers (12 miles) southwest of Kampala, the capital, will start in the second quarter of next year, Graeme Reid, managing director of Athena Properties Ltd., Centum’s real investment arm, said today in an interview in the Ugandan capital, Kampala.