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Kenya Power adds more loans with NCBA’s Sh6.8bn

Kenya Power technicians replace the wooden posts with the concrete ones along Nyerere Avenue in Mombasa. PHOTO | KEVIN ODIT | NMG

By  Victor Juma

Business Editor

Nation Media Group

NCBA Bank Kenya #ticker:NCBA has lent Kenya Power #ticker:KPLC Sh6.75 billion, becoming the largest local lender to the electricity distributor by taking over the company’s overdraft facilities.

The Nairobi Securities Exchange-listed bank provided the 12-year loan on October 9, 2020. Details of the loan are disclosed in Kenya Power’s annual report for the year ended June.

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