Does KPLC have competition?

The only way back to profitability for this "rotten bluechip" is pre-paid meters. In my locality huku rural, Kenya power has not read meters since March 2020. They are hemorrhaging money everywhere. When is the last time you saw Kenya power staff disconnecting defaulting customers? Most wananchi are using stima nywee without paying a dime some for even 7 months and over. During Kibaki days, i recall branch managers supervising meter reading and disconnections personally. Siku hizi za Jubilee ni kukula nyama na phombe tu for branch managers waiting to be bribed by defaulting customers.

Buy Umeme, a lean and well managed company that pays dividend(>10%).


This one(Kenya power) is headed the KQ bailout route. Run for your life.

Umeme is a concessionaire of UEDCL (Uganda Electricity Distribution Company Ltd) assets. The current contract is set to expire in 2025 (2005-2025). They are currently in talks for another contract of 20 years which will allow them to borrow more money for expansion. In the past H.E and parliament have threatened to terminate the contract due to poor service delivery. NSSF ug is the largest institutional investor (23.2% )so this might work in their favour during contract negotiations.

Just like KP they suffer from power theft and prepaid meters have not solved this.

You are right, the "mali ya umma" attitude has encouraged cartels in all departments from meter reading, procurement (faulty transformers), hr etc to continue looting with impunity. The company has a power distribution monopoly but still loses a lot of money. KP is hostage to cartels within and outside the organisation. Until these are gone the company will continue being in the red and might just collapse under the mountain of debts it has accumulated.

No, it's not doom. Obiero being my role model, I'm hoping to buy more KPLC shares in the next three months anticipatinng to have 100% return.

Watch and learn