Kenya Power On The Red As Liabilities Hit Ksh115.2 billion

Meria

Elder Lister
Kenya power is technically insolvent even as its liabilities exceed the the assets.

As of June 30, 2019, Kenya Power had an asset base of Ksh44.2 billion as compared to liabilities worth Ksh115.2 billion according to the auditor general Nancy Gathungu.

This means Kenya Power is operating on a deficit of over Ksh71 billion.
 
the African way, eat till you collapse the entity, and move on to the next.
wonder what happens when there is no next to eat from?

but Kenyans are hard working, the next entity is just around the corner.
 
Kenya power is technically insolvent even as its liabilities exceed the the assets.

This is like saying that KPLC is insolvent even as it is insolvent.

 
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