I have had some problems logging on.
I don't know how to "post" docs but @pesanane always comes through!

😂😂😂 @Obiero - No stress. I own a "declining" firm that made more profit on 31st Dec 2016 than KQ made in 4 years! Heck, KenRe's dividend on 1 share is higher than KQ's profits for 4 years! I will cry myself to sleep with a mere 80 cents/share while you celebrate with... zero.

The increase in provisions was +550mn (665mn for 2016) and attributed to West Africa, South Sudan, etc. They will continue pursuing the debtors. The drama in Ivory Coast was cited.

They have lots of cash. T-Bonds are up to 11+bn and bank deposits 4+bn. It remains cash-rich. Modest growth expected in 2017. Marine insurance benefits will kick in in 2017 and hopefully higher profit contribution in 2018.

Expansion in Southern Africa will continue but as with new markets there's always start-up costs including giving credit.

Assets continue increasing. ZepRe is profitable and growing.

Slow but steady. This share/firm isn't for those who love drama.

@VVS
There is no need of selling the buildings.They are bringing in good investment income.
The buildings were also build a while back so by now they have recovered their return on investment.
They also have good assets like 30 acres in Nairobi like 2 acres in Upper hill opposite Don Bosco church.
These are gold assets which they can develop to bring in better returns.
Main worry currently is if they decide to put up a commercial building in Upper Hill with the current glut being experienced in the area

@VVS
There is no need of selling the buildings.They are bringing in good investment income.
The buildings were also build a while back so by now they have recovered their return on investment.
They also have good assets like 30 acres in Nairobi like 2 acres in Upper hill opposite Don Bosco church.
These are gold assets which they can develop to bring in better returns.
Main worry currently is if they decide to put up a commercial building in Upper Hill with the current glut being experienced in the area

They have been looking at a new building, I just didn't know where in UH.
I agree with you re: glut of office space. What's the value of land in UH?
Where are the 30 acres?
I look at current yields regardless of cost. GoK bonds yielding tax-free 13% should be snapped in droves. That's almost 2x rental yields on a PBT basis.