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The utility company had a negative net working capital of Sh763 million at the close of the 2016 financial year, down from a solid Sh20.4 billion it had at the beginning of the financial year.PHOTO: COURTESY
Recognition of a Sh4 billion liability for the Government-funded street lighting project saw Kenya Power report a negative working capital position in the year ended June 2016.
The utility company had a negative net working capital of Sh763 million at the close of the 2016 financial year, down from a solid Sh20.4 billion it had at the beginning of the financial year.
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