IMF, World Bank split on Kenya Power monopoly

Kenya Power

Kenya Power has inked power purchase agreements with 27 firms whom it paid Sh117 billon in the year to June 2023.

Photo credit: File | Nation

The International Monetary Fund (IMF) and the World Bank have differed on the push to end Kenya Power’s monopoly in the sale of electricity to homes and businesses.

The IMF wants Kenya to speed up regulations that will allow other firms to sell power in competition with the utility, arguing that the country is behind schedule in liberalising the electricity market.

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