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KenGen earns interest by investing loan funds

Managing Director(MD) and Chief Executive Officer(CEO) of Kenya Electricity Generating Company (KenGen), Ms Rebecca Miano on March 18, 2021. PHOTO | JEFF ANGOTE | NMG

By  Charles Mwaniki

Business Reporter

Nation Media Group

KenGen #ticker:KEGN is earning substantial interest income from money it would have used to pay banks after the power producer got loan repayment moratoriums in the wake of the Covid-19 pandemic.

The company said its finance income rose by Sh180 million or 22 percent to Sh1.009 billion in the six months to December 2021 on the back of holding higher bank deposits that would have otherwise been eaten up by loan repayments.

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