Business Daily | by Julians Amboko
The Treasury will pump Sh5 billion into paying part of Kenya Power’s outstanding debt for the last-mile electrification and help stabilize the utility firm’s distressed finances, the World Bank has said, boosting subsidized power connections for poor households.
Improving Kenya Power’s financial position is one of the conditions for a fresh $750 million (Sh80.9 billion) loan from the World Bank to…
