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KenGen takes Sh2bn tax hit after Treasury dividend arrears pay
Mr Albert Mugo, KenGen managing director. PHOTO | FILE
Power producer Kenya Electricity Generating Company (KenGen) has taken a Sh2.4 billion tax hit after paying dividend arrears to the Treasury, in a year when the firm froze payout to shareholders.
The Sh5.7 billion dividend payment, which had accrued over four years, prompted the tax payment to the Kenya Revenue Authority.
