Kenya Electricity Generating Company PLC (KenGen) on Friday, February 16, announced the successful payout of dividends to its private shareholders following the approval by shareholders at the 71st Annual General Meeting (AGM) held on November 30, 2023.
A total of 190,784 shareholders, constituting 30% of KenGen's shareholder base, received a substantial net dividend amounting to Ksh545,219,739, which is part of the approved Ksh1.9 million dividend allocation for the fiscal year ending June 30, 2023.
KenGen Managing Director and CEO, Engineer Peter Njenga, reiterated the company's 2024 priorities, emphasizing a focus on new technologies to enhance electricity generation using existing power plants.
“We understand the central catalytic role energy plays in our country’s economic development and to this end, we remain focused on our 2024 and long-term strategic priorities to not only meet the growing energy demand but also offer green energy solutions to Africa,” Njenga stated.