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New tariff lifts Kenya Power to Sh319 million half-year profit

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Kenya Power Managing Director and CEO Dr (Eng) Joseph Siror speaking during the Q2 operational report. [Wilberforce Okwiri, Standard]

The new power tariff that came into effect in April last year and increased electricity consumption by Kenyans have lifted Kenya Power back to profit-making over the half year to December.

The firm also shrugged off a major hit from the weakening of the shilling last year that had the impact of doubling its finance costs over six months.

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