Kenya Power shuts door on banks return to selling tokens

Kenya Power Acting Managing Director, Eng. Geoffrey Muli. PHOTO | DIANA NGILA | NMG

Kenya Power has dashed commercial banks and other third parties' hopes of renegotiating fresh contracts to sell prepaid electricity tokens, in a decision that will restrict the lucrative deal to telcos.

Kenya Power acting Managing Director Geoffrey Muli said on Thursday they will not negotiate fresh agreements following the lapse of the previous contracts on August 31.

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