South Africa firm dilutes Kenya’s stake in KenGen

KenGen Chairman Joshua Choge (right), Managing Director Rebecca Miano (left) and Finance and ICT Director John Mudany during KenGen's 64th Annual General Meeting at the Kasarani Gymnasium in Nairobi. [Boniface Okendo, Standard]

Government’s shareholding in KenGen has dropped following aggressive investment by South Africa’s Public Investments Corporation (PIC).

National Treasury’s stake in the power producer stood at 70 per cent in the year to June 2017, compared to 73.9 per cent shareholding in the previous year.