Kenya Power shareholders will spend Christmas in the dark after poor performance disconnected them from dividends. Last year, the company gave investors Sh0.50 dividend per share, despite a Sh1.2 billion hole in its books. “There is no reason for confidence in Kenya Power unless the board and management work on a turnaround strategy and focus on profits,” Chami told the Star. Kenya Power was early this year in the spotlight following claims of inflated power bills and a glitch in its electronic payment system that made it impossible to top up tokens on prepaid meters. This means that the power man’s market value at NSE as at yesterday was Sh7.3 billion down from Sh23.4 billion in August last year.

Source: The Star December 21, 2018 20:03 UTC