Bill awaiting Senate approval seeks to end Kenya Power monopoly

An employee of Kenya Power fixes supply lines in Homa Bay town (TITUS MUNALA/STANDARD)

NAIROBI, KENYA: Kenya Power Managing Director Ken Tarus recently announced the company’s financial results, which painted a bleak picture – judging from the figures he released.

The power utility company registered a marginal growth (0.95 per cent) in net profit from Sh7.2 billion to Sh7.3 billion in the financial year ended June 30, 2017.

This was despite Sh12.4 billion growth in revenue to Sh120.7 billion. Profit before tax decreased by 9.7 per cent to Sh10.9 billion from Sh121 billion…

Source – Standard Media