Unga profit warning
The company has issued a profit warning notifying the public that it’s after tax profit for the year ended (in June 06) will be less than 40m shillings. Six months ago they had reported half year profits of 73m, but these have been eaten away by the collapse of (debtor) Uchumi, power rationing in Uganda, and the bird flu scare.
Something I learnt during the first world cup weekend – there is a Kengeles Restaurant in Juba, S. Sudan already. Also a KCB branch.
One story the investor-mercenary-brother duo told checks out – they were involved in the construction of a low cost housing scheme in Nairobi.