Kenyan Wall Street | by Miriam Wangui
Analysts predict increased revenue for the energy-producing company, Kengen, in the near term. The company has recently been involved in ambitious capacity expansion initiatives that are expected to boost its revenues.
Genghis Capital analysts say that the 165MW Olkaria V connected to the grid in 2019, the upcoming 83 MW Olkaria unit 6 geothermal plant, and the 140MW Olkaria VI power plant under construction are some of the promising initiatives by the company. The investments company has a buy recommendation on KenGen stock…
