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Kirubi’s company opens school for the super-rich in Nairobi

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Centum Investment has diversified its investments portfolio into the education sector. The firm, majority owned by businessman Chris Kirubi, has partnered with globally renowned international school network, Sabis Education Network to set up an international school in Nairobi.

Sabis International School, located in Runda estate, will be built on a 20 acres of land at a cost of $20 millionKsh2 billion). Construction funds are being raised through Africa Crest Education Holdings (ACE). ACE was established in 2016 as an investment company promoting quality education across the African continent, through the development of SABIS® operated schools, with an initial target pipeline of projects in KenyaEgyptSouth AfricaUganda and Morocco.

Centum has invested in equity ownership, real estate, agribusiness, publishing, banking, power generation. Mr Kirubi is the top shareholder with 28.642%, followed by Industrial and Commercial Development Corporation at 22.97%.

 Speaking at the official launch in Nairobi, Sabis International President, Carl Bistany said the school would provide learners with world class education that prepares them for an uncertain future. “Our model is GSCE and A level, which prepares the students to conquer the world by imparting them with life-long skills,” said Mr Bistany. “We believe that Kenyan students will have to compete globally, hence the idea of opening a world-class facility in Kenya. We shall prepare them to work and open businesses anywhere in the world.”
Sabis International School – Runda will open doors in September 2018 and has already started receiving applications, with 35 students already enrolled.

Centum Investment Company CEO James Mworia said that the school will accommodate up to 2,000 students.  “The purpose-built school campus will include state-of-the-art classrooms equipped with the latest in educational technology including interactive whiteboards, a sports center, a modern performing arts theatre, a semi-Olympic pool, and extensive outdoor sports facilities,” Mworia said.

Sabis, headquartered in Beirut, has been in the schools business for 130 years, with a presence in 20 countries and over 70,000 students. The school will have a separate Kindergarten section.

Centum-Investment-share-price Kirubi's firm opens school for the super-rich in Nairobi

The SABIS International School Nairobi is the first project undertaken by ACE.  ACE plans to deploy a number of schools across Africa and draw on the expertise and experience of its partners:  Investbridge Capital brings its corporate advisory experience and real estate specialities coupled with

Centum contributes its vast experience as an active investor and developer coupled with strong local knowledge and network in the region. ACE plans to open additional K-12 international schools in Kenya as well as in African markets in Egypt, Morocco, Nigeria, South Africa, and Uganda.

A recent study on the International Schools Database survey puts the cost of educating a child below 10 years in Nairobi’s top private schools at $10,500 (Ksh1 million) a year on average or $875 a month. Other expensive schools in the Kenyan capital are GEMS Cambridge (Ksh1.4 million a year), Brookhouse (Ksh1.4 million) and Braeburn at Ksh1.3 million. Other players in the top league in Kenya include Aga Khan and Oshwal Academy.

Source: –businessdaily.co.ke

 

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Africa

VIDEO: New Chinese ambassador to Kenya presents her credentials to Uhuru

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President Uhuru Kenyatta on Tuesday at State House, Nairobi, received credentials from China’s first female ambassador to Nairobi Ms Sun Baohong.

Ms Sun was among three new ambassadors who have recently been posted  to Kenya. The diplomats also included Sri Lanka’s Commissioner-designate Weerawardena Sunil Dharmasena De Silva and New Zealand’s non-resident ambassador-designate Mark Ramsden, who will reside in Addis Ababa, Ethiopia.

President Kenyatta told Ms Baohong that Kenya had enjoyed a strong mutual understanding with her predecessor, Dr. Liu Xianfa, and hoped that the partnership between the two countries will continue during her term in Nairobi.

On her part, the new ambassador pledged to use her new position to enhance Sino-Kenyan Relations to further promote the existing strategic partnership and deepen ties between Nairobi and Beijing.

Ms Baohong, the 15th Chinese Ambassador to Nairobi is also her country’s permanent representative to two global institutions-United Nations Environment Programme (UNEP) and United Nations Human Settlement Programme (UN-Habitat).

China and Kenya have for many years enjoyed mutual collaboration in various areas including infrastructure development and manufacturing.

Kenya is keen to tap into Chinese investments in the manufacturing sector by harnessing Beijing’s technical prowess, capital and experience to promote industrial growth as outlined in the Vision 2030 blue-print.

This co-operation is aimed at creating jobs locally and boost Kenya’s export potential.

President Kenyatta told the New Zealand ambassador that Kenya wishes to prosper the relationship with the Australasia nation.

He singled out Geo-Thermal energy sector and sport especially Rugby as two areas where the two nations could co-operate for mutual benefit.

The Head of State called for stronger people-to-people ties with Sri-Lanka.

Foreign Affairs Cabinet Secretary, Ambassador Monica Juma was also present at the function.

Below is a video of

PSCU Contributed to this report.

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Africa

VIDEO: Why you should never buy potatoes in a rush

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BY BMJ MURIITHI

Are you always in a hurry when you buy stuff by the roadside? Think twice.

Investigations have revealed that many vendors trick their customers into thinking that they are buying overflowing buckets of potatoes – and indeed other commodities – only for the unsuspecting buyers to end up with half of their money’s worth.

Yes, it is true! Unscrupulous traders are on the prowl are literally stealing your potatoes. This is what the cameras found out. Watch:

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Africa

VIDEO: Angry pastor warns members against ‘seducing’ other attendees with their ‘near-naked’ dresses

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BY BMJ MURIITHI

A pastor whose name we are yet to establish is warning his congregation against going to church while scantly dressed saying by so doing, they are seducing other members. “This is unacceptable,” he says, adding that even the guests at the royal wedding were all  “fully dressed.”

I saw all the stars who used to go naked were well covered, he adds.

“Today we have almost naked people singing on the pulpit, seducing the members of the church.”

The pastor is cheered wildly when he declares that neither fame nor money can save humanity.

“Whether you are a Hollywood star or whoever you are, nothing can save you except Jesus Christ.”

Watch:

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