It’s that time of the year when the companies that have their year-end in March get to release their 2016 results. These include Safaricom, Centum and Kenya Airways
- Centum: The Two Rivers mall seems also complete, and there are the venture in banking (Sidian Bank) & fund management (GenAfrica, Nabo Capital), expansion in beverage (Carlsberg beer, Almasi – Coca Cola). They exited insurance, divested of some property, and have other new ones to pay for (Amu Power, Vipingo estates). Are they will keen on coal energy? Plus it’s time for shareholders to get some dividends.
- Kenya Airways: Maybe the toughest year of the company in its 39-year history. One of shrinkage after a record loss , with everything “on the table” as CEO Mbuvi Ngunze has often said. This has come to include board reshuffle, selling a Heathrow airport slot, selling/leasing off brand new aircraft (787 Dreamliners, and 777-300’s), and staff layoffs. What’s been the financial outcome of these moves?
- Safaricom: Unparalleled at the top of the corporate food chain in terms of connection with citizens (communications, security) and as a taxpayer, with no rivals except itself. Has M-Pesa peaked? What’s next?
It’s also time for banks to release their quarter one results for 2016, in an interesting year, one not seen since the dreaded early 1990’s and mid 1980’s when political banks were in the news for the wrong reasons. Everyone is wondering, who will buy reopened Chase Bank?