KenGen finance costs rise on expiry of loan breaks
Published on: Wednesday 01 March 2023
Power producer Kenya Electricity Generating Company’s (KenGen) cost of servicing loans jumped 30 percent in the half-year that ended December on the expiry of Covid-19 repayment breaks.The power distributor says its finance costs — interest, and other charges involved in the borrowing of money — rose from Sh897 million to Sh1.17 billion, piling pressure on its net earnings.“Finance costs rose from Sh897 million to Sh1.17 billion, owing to the...
News source: https://www.msn.com/en-xl/news/other/kengen-finance-costs-rise-on-expiry-of-loan-breaks/ar-AA186Qo8
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