Connect with us

Hi, what are you looking for?



Kenya Power appoints new directors among them former KAM Chair Sachen Gudka

NAIROBI, Kenya, Jul 21-The Board of Kenya Power has appointed five new directors.

The new non -executive directors are now Sachen Gudka, who is the former board chair of Kenya Association of Manufacturers, Abdulrazaq Ali, Elizabeth Rogo, Caroline Kittony Waiyaki and Vivienne Yeda.

“The board congratulates the new directors on their respective appointments and looks forward to benefitting from their vast experiences at a time when the company is rolling out its growth strategy,” the board said in a statement.

The new appointments follow the resignation of the former independent directors last week.

“The board of directors of the Kenya Power and Lightning Company hereby announces the resignation of Adhil Khawaja, Kairo Thuo, Wilson Kimutai Mungung’ei Brenda Kokoi and Zipporah Kering as independent directors,” reads Kenya Power notice.  

“The company would like to sincerely thank the directors for their commitment and dedicated service and wishes them the best in their future endeavors,” the board said in a statement.

The new changes at the electricity distributor comes after Kenya Power in June issued a profit warning saying that it has witnessed reduced electricity consumption due to coronavirus control measures and rising cost of buying wholesale power from firms like KenGen.

The state’s agency net profit for the six months to December declined 71.8 percent to Sh693 million, indicating that its troubles started ahead of Kenya announcing its first case of Corona on March 13.

However, its revenue rose by 1.34 percent to Sh133.1 billion pegged on electricity sales, increased power costs and higher finance costs.

Advertisement. Scroll to continue reading.
Also Read:  International tourism to plunge up to 80pc due to virus: UN
Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...