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KenGen HY 2019
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Ericsson
#601 Posted : Wednesday, November 04, 2020 10:45:06 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://tradingroom.co.k...k-on-kplc-unpaid-bills/

Shareholders of KENGEN have expressed concerns to the board of directors over the ability of Kenya power to pay up kes 19.6bn the utility firm owes to Kengen.

The Auditor General Nancy Gathungu has cast doubt on the future of Kenya power,given that measures to ease rising liabilities have not worked
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Ericsson
#602 Posted : Wednesday, November 04, 2020 5:03:06 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Balaa wrote:
Virtual Kengen Plc AGM currently in session. Joshua Chege bows out as Chairman. Wonder who will be GoK's preferred successor.


Retired General Samson Mwathethe
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tandich
#603 Posted : Wednesday, November 04, 2020 8:43:45 PM
Rank: Member

Joined: 5/6/2008
Posts: 199
I'm curious. What value do retired disciplined forces officers add to boards of commercial operations (public/private) that are unrelated to the military?
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wukan
#604 Posted : Wednesday, November 04, 2020 8:59:50 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
tandich wrote:
I'm curious. What value do retired disciplined forces officers add to boards of commercial operations (public/private) that are unrelated to the military?


The value is the experience in govt bureaucracy to stop cartels from forming and cannibalizing public corporations and strategic assets.

If you look at kenya railways it was moribund for decades until some retired general(can't recall his name) was put in charge and they saw it's logistical value to the state. Now you have more vibrant railway service restored.
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Fyatu
#605 Posted : Wednesday, November 04, 2020 10:06:43 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
wukan wrote:
tandich wrote:
I'm curious. What value do retired disciplined forces officers add to boards of commercial operations (public/private) that are unrelated to the military?


The value is the experience in govt bureaucracy to stop cartels from forming and cannibalizing public corporations and strategic assets.

If you look at kenya railways it was moribund for decades until some retired general(can't recall his name) was put in charge and they saw it's logistical value to the state. Now you have more vibrant railway service restored.



The name is General rtd. Jeremiah Mutinda Kiamba
Dumb money becomes dumb only when it listens to smart money
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Ericsson
#606 Posted : Wednesday, November 04, 2020 10:29:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Fyatu wrote:
wukan wrote:
tandich wrote:
I'm curious. What value do retired disciplined forces officers add to boards of commercial operations (public/private) that are unrelated to the military?


The value is the experience in govt bureaucracy to stop cartels from forming and cannibalizing public corporations and strategic assets.

If you look at kenya railways it was moribund for decades until some retired general(can't recall his name) was put in charge and they saw it's logistical value to the state. Now you have more vibrant railway service restored.



The name is General rtd. Jeremiah Mutinda Kiamba

Kiang'a not Kiamba
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Ericsson
#607 Posted : Saturday, November 07, 2020 8:16:26 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...cut-power-costs-2732276

KENGEN is on the media launching too many things
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kawi254
#608 Posted : Saturday, November 07, 2020 10:10:35 AM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kengen-targets-gas-fired-plants-cut-power-costs-2732276

KENGEN is on the media launching too many things


Only the consultants doing feasibility studies are making money.

You never get to hear Safaricom issuing tenders for feasibility study on launching Fuliza...they have people employed to do market research who work quietly and bring to market products without all the KenGen noise.

Also KenGen a few years ago when Jubilee came to power shelved the gas powered plant plan they had worked on for so long on premise that they couldn't secure gas supply contract from Tanzania. They should just go and dust their shelved files but money must be made tendering afresh.
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KaunganaDoDo
#609 Posted : Sunday, November 08, 2020 7:43:23 AM
Rank: Member

Joined: 8/6/2018
Posts: 299

Profit is expected to jump from Ksh 7.8 Billion to Ksh 10.5 in 2019/20 FY
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Ericsson
#610 Posted : Sunday, November 08, 2020 10:53:48 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
KaunganaDoDo wrote:

Profit is expected to jump from Ksh 7.8 Billion to Ksh 10.5 in 2019/20 FY


Any dividend declared.
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