Kenya Electricity Generating Company PLC (KenGen) in March bagged two more prestigious awards under the International Financial Reporting Standards and Environmental and Social Reporting or Corporate Social Responsibility categories.
“KenGen is proud to be recognized for its astute financial reporting in one of the most coveted & prestigious accolades, the Financial Reporting (FiRe) Award. For over seventeen years, FiRe Award has recognized & awarded the best reporting entities in East Africa. The Award results from a rigorous evaluation process using globally accepted principles & best practice standards. Guiding principles include International Financial Reporting Standards (IFRSs), best practices in governance, corporate citizenship & other requirements”, the company wrote on its social media pages.
The award ceremony was organized by the Capital Markets Authority (CMA) and KenGen was under the State Corporations and Semi Autonomous Government Agencies (SAGAS).
For the year ended June 2020, KenGen announced a Ksh 13.9 billion ($128 million) profit before tax, translating into 8.3% growth in profit from the previous financial year.
At the beginning of March, the firm was feted with a gender award in recognition of its efforts to promote gender mainstreaming and women empowerment through its Pink Energy initiative.
The award by the Government of Kenya, through the Ministry of Public Service and Gender, was presented to KenGen during a ceremony to mark the International Women’s Day (IWD) 2021 at the Kenya School of Government in Nairobi.
KenGen Managing Director and CEO, Rebecca Miano, who also sits The World Bank Group’s Gender Advisory Council, said the award was a welcome encouragement and would go a long way in motivating both KenGen and other organisations to embrace gender mainstreaming.
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