Kenya Power eyes foreign debt reprieve

Kenya Power and Lightning Company (KPLC) Managing Director Joseph Siror. 

Photo credit: File | Dennis Onsongo | Nation Media Group

Kenya Power is seeking the government's help to convert a portion of its dollar-denominated debt to the Kenya shillings in a bid to soften the hit from the depreciating local currency.

Managing Director Joseph Siror said up to 30 percent of its foreign currency loan book is up for redenomination if the efforts yield the desired outcome.

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