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90 days to price the rain: Why El Niño is a corporate balance sheet issue
Flooded St. Elizabeth Primary School in Lunga Lunga following rain downpour on October 29, 2015. School learning was interrupted as weathermen forecasted and warned of El- Nino rains in the country.
Head of Group Finance Controls, Performance and Investor relations
Safaricom PLC
Kenya’s weather experts have now put a number on what many had treated as speculation. The Kenya Meteorological Department estimates an 81 percent probability of a very strong El Niño this year, bringing above-normal rainfall during the October to December short rains, and a 97 percent chance that the event extends into early 2027. For finance leaders, that is not just a forecast but a planning assumption.
A telecommunications network is a large consumer of electricity, with thousands of base stations operating around the clock. When storms bring down power lines, sites switch to batteries and then diesel generators — the most expensive electricity an operator buys.
