Kenyan diaspora-backed FEP returns to profit on lower costs

A local investment club, partly backed by the Kenyan diaspora, has bounced back to profit on lower costs and a tax credit.

Fountain Enterprise Programme (FEP) Group posted Sh106.01 million profit in the period ended December 2016, compared to a loss of Sh905.7 million a year earlier. It made a loss of Sh1.4 billion in 2014.