Home Afrika revenue dips further, cuts losses by 50 per cent

Real estate firm Home Afrika has reported a reduction in losses due to cost cutting measures despite a further dip in revenues.

The company, which is building the Migaa Golf Estate in Kiambu, said its losses more than halved to Sh168 million in 2016, compared to Sh390 million in 2015. Its revenues, however, declined to Sh222 million during the year, down from Sh259.7 million in 2015.