EAPC, Kenya Power and Unga Financials, A Net Selling Position by Foreign Investors, What to Expect from Banks Results and The Inflation

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Kenya Power’s rising financial costs are expected to be higher in FY2021. Its operating expenses for FY2020 ate up all its gross profit.

We are still watching how EAPC’s restructuring will mean for the company but hopes are low whereas there is hope for the long term prospects for Unga Limited despite blows from higher commodity prices and high finance costs. ¬†Foreign investors are taking a net selling position on counters such as KCB and Equity, awaiting the financials in March following the impact of COVID-19 on Non-Performing Loans.

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