Kenya: Investment Banks See Profit Leaps With Recovery of Economy

Afrika and Kestrel Investment banks have posted 978 and 139 per cent increases in pretax profits respectively on increased activity at the bourse and recovery in the economy in the first half of the year.

"Business picked up very well during the first half of the year and this helped grow profits" said Mr Abdul Khambiye, Chief Financial Officer at Kestrel Capital.

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