KENYA POWER ANNOUNCES Ksh30.5 BILLION PROFIT 📈

Kenya power has reported a record-breaking after a tax profit of 30.5 Billion for 2023/24 financial year, this significant increase up from prior years is largely due to a 21% rise in electricity sales. Spurred by the addition of over 447,000 new connections and boosted demand in sectors like manufacturing. The strengthening of Kenya Shilling has also helped reduce kenya power’s costs related to foreign denominated power purchase adding to overall profitability. The utility aims to maintain this growth trajectory by focusing on Financial sustainability, operational improvement and customer service enhancement.

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