Listed power firms KenGen and Kenya Power cut their borrowings by at least Sh48 billion in the year to June 2024, helped by the shilling’s appreciation in the forex market against the dollar and the euro.
KenGen reported a contraction of Sh29.3 billion in its long-term borrowings to Sh107.8 billion during the period, comprising a foreign exchange revaluation of Sh21.22 billion and debt repayments of Sh8.08 billion.
