Economy
Kenya Power sinks into Sh3.19bn loss on weak shilling
Friday October 27 2023
Kenya Power Managing Director Joseph Siror when he appeared before the Senate Energy Committee at Parliament Buildings Nairobi on October 17, 2023. PHOTO | DENNIS ONSONGO | NMG
Kenya Power has reported a Sh3.19 billion net loss for the year ended June 2023 as it took a hit from a sharp rise in financing costs on its hard currency obligations due to the weakening of the shilling.
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