By VICTOR JUMA More by this AuthorFive non-executive directors of Kenya Power, representing half of the board, on Monday resigned without the electricity distributor announcing their replacement. The Nairobi Securities Exchange-listed firm said Adil Khawaja, Kairo Thuo, Wilson Kimutai Mugung’ei, Brenda Kokoi and Zipporah Kering had resigned as independent directors. As you may have noticed, there has been reorganisation which has been happening at Kenya power and we had a new team at the management. WEAKER EARNINGSAdvertisementThe changes come at a time when Kenya Power, a monopoly, continues to post weaker earnings. “The Covid-19 pandemic has adversely affected our business operation leading to a slow growth in electricity sales and an increase in financing costs resulting in reduced earnings,” Kenya Power said in the profit warning notice.

Source: Daily Nation July 15, 2020 06:11 UTC