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.
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.