Kenya Power CEO on turning around fortunes

Kenya Power CEO Joseph Siror.

Photo credit: Joseph Barasa | Nation Media Group

The market got perplexed how the firm emerged from a loss of Sh3.19 billion to a Sh30 billion profit. What was the magic?

Several things have happened on top of how the shilling has recovered against the dollar. When we resolved the shortage of meters and other kits, this ended a backlog and allowed us to connect more customers, in the region of 400,000 plus compared to the previous year when we added slightly above 300,000 new customers.

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Note: The results are not exact but very close to the actual.