Business Daily | by Patrick Alushula
The State is reviewing Sh65.96 billion Kenya Power commercial debt to retire expensive ones through international partners to lift the utility firm from liquidity crunch.
Kenya Power latest disclosures show that government sees this as a way of saving the company from high loan servicing costs that have contributed to the dimmed fortunes of the electricity distribution monopoly.
“The government of Kenya is reviewing Kenya Power’s existing commercial facilities with objective to retire expensive ones through engagement on favourable terms with international partners…
