Kenya Power renegotiates Sh6bn dollar loans

Kenya Power workers carry out repair works along Haile Selassie Road, Mombasa. FILE PHOTO | KEVIN ODIT | NMG

 Kenya Power is negotiating repayment terms of two dollar-denominated loans estimated at Sh6 billion in a bid to ease the increasing headache of debt servicing amid the weakening of the local currency.

The firm’s Chief Financial Officer, Stephen Vikiru Monday said that negotiations are at an advanced stage to strike fresh repayment terms in the next two months.

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