State targets 40 per cent electricity tariff cut by next month

President Uhuru Kenyatta is keen to trim electricity tariffs by over 40 per cent by the end of December. This is part of a raft of measures designed to lower cost of doing business and attract investments.
Kenya has been losing out on investment opportunities as investors seek destinations with cheaper sources of energy.

“In this regard, my Government has developed several initiatives including the 40-month programme to inject over 5,000MW of electricity into the National Grid, to reduce the cost of power by over 40 per cent by end of this calendar year, fast track the Standard Gauge Railway (SGR) project and the 10,000km road infrastructure through an innovative financing mode.”