Business Daily | by Patrick Alushula
Kenya Power expects a rise in electricity bill defaults on Covid-19-induced economic downturn that is facing customers.
The utility firm says in outlook statement accompanying the latest annual report that it expects to increase its credit loss allowances — an estimate of the debt that it is unlikely to recover from customers.
“The expected credit loss allowance on financial assets will be expected to increase due to increased difficulty by the customers to make the payments…
