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Home Afrika’s gross sales increased by 8 per cent last year

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Last year, Home Afrika’s gross sales increased by 8 per cent to 921 million Shillings from 849 million Shillings the previous year. The company however went deeper into the red zone, reporting an 8 per cent increase of its loss position to 181 million Shillings compared to 168 million Shillings in 2016. Home Afrika’s financial performance may be baffling to some, and Alex Mwangi spoke to its Managing Director, Dan Awendo to get more insights about the state of the firm’s health and strategies going forward. He began by asking him what misconception people have about Home Afrika given its current share price of 80 Cents per share against an initial listing price of 25 Shillings per share.

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