Kiharu MP Ndindi Nyoro set to pocket Sh16.7 million in KPLC dividends

Kiharu MP Ndindi Nyoro in a dance with students from Mugoiri Secondary School when he launched Kiharu Masomo Bora programme targeting 14,000 students in day secondary schools on Feb 16, 2023. [File, Standard]

The strengthening of the shilling against the US dollar last year is among the key factors that helped lift Kenya Power’s profit by 30 times.

The utility firm yesterday reported Sh9.97 billion in profit after tax for the half to December 2024, up from Sh319 million it made over a similar half of the 2023-24 financial year. 

The profit growth was on account of an 86 per cent drop in its finance costs, which stood at Sh1.97 billion over the half from Sh15.02 billion the half to December 2023.