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The Standard e-Paper
Kenya's Bold Newspaper
The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
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Kenya Power on Thursday issued a profit warning, indicating that it expects its profit for the period to June this year to decline by more than 25 per cent.
The firm attributed the drop to foreign exchange losses incurred on account of the weakening of the Shilling against the US dollar as well as a 15 per cent reduction in power prices implemented in January 2022.
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