Uhuru's electricity subsidy plunges Kenya Power into Sh1b half-year loss

Former President Uhuru Kenyatta mourns the late Prof George Magoha in Gem, Siaya County, on February 11, 2023. [Collins Oduor, Standard]

Kenya Power has in the first half of its financial year to December 2022, reported a net loss of Sh1.14 billion.

The firm attributed the performance to revenue losses occasioned by the 15 per cent reduction in the cost of electricity that was in force between January and December last year.