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Kenya's KenGen says seeks lead broker for rights issue

Kenyan power producer KenGen said on Friday it was seeking a lead broker for a rights issue that is expected to be launched by the end of March.

KenGen, the east African country's main power producer which is 70 percent state-owned, will carry out a cash call to raise 30 billion shillings ($331 million). The firm advertised for a lead broker in newspapers on Friday.

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