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Kenyan Business Feed
  • Home
  • News
    Popular Journalist Dies In Gristly Road Accident

    Popular Journalist Dies In Gristly Road Accident

    Minet feted Insurance Broker of the Year

    Minet feted Insurance Broker of the Year

    Konza Technopolis, Israel to host Innovation Challenge

    Konza Technopolis, Israel to host Innovation Challenge

    Samsung Named Top Global TV Manufacturer

    Samsung Named Top Global TV Manufacturer

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    BBI will Create a good Business Environment: Mt Kenya MCAs Chairman

    Aden Duale pushing to make pornography an expensive affair in Kenya

    Aden Duale pushing to make pornography an expensive affair in Kenya

    Kenya Approves Three Applications For Covid-19 Clinical Trials

    Covid-19 vaccines arrive in Kenya tomorrow

    StarTimes sign partnership with Manchester United

    StarTimes sign partnership with Manchester United

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    Locally assembled Proton Saga saloon car released to the market  

  • Markets
    Samsung Named Top Global TV Manufacturer

    Samsung Named Top Global TV Manufacturer

    Locally assembled Proton Saga saloon car released to the market  

    Locally assembled Proton Saga saloon car released to the market  

    Hennessy becomes NBA’s first global spirit partner

    Hennessy becomes NBA’s first global spirit partner

    KenGen to Pay Ksh1.65 Billion in Dividends

    KenGens’ half year profits hit Ksh6.8 billion

    Suzuki unveils latest entrant into the Kenyan market

    Suzuki unveils latest entrant into the Kenyan market

    Kenya Breweries launches academy to train 10,000 bartenders

    Kenya Breweries launches academy to train 10,000 bartenders

    New Directory to Provide Support to women owned Businesses

    New Directory to Provide Support to women owned Businesses

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

  • Real Estate
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    17% of Kenyan Billionaires looking to buy a house in 2021

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    #OmokaNaAlma: This is how you get awarded Sh50,000 by Cytonn Real Estate

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    Greenpark Estate injects Ksh15M to its development

    LG’s OLED Honoured at the Technology and Engineering Awards

    LG’s OLED Honoured at the Technology and Engineering Awards

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  • Tech
    Konza Technopolis, Israel to host Innovation Challenge

    Konza Technopolis, Israel to host Innovation Challenge

    TikTok releases H2 2020 Global Transparency Report

    TikTok releases H2 2020 Global Transparency Report

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  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion

    Bill in parliament seeks to have CBK regulate Mobile lenders

    Minet feted Insurance Broker of the Year

    Minet feted Insurance Broker of the Year

    Samsung Named Top Global TV Manufacturer

    Samsung Named Top Global TV Manufacturer

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    Hennessy becomes NBA’s first global spirit partner

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    • Insurance
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      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

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KenGen to Pay Ksh1.65 Billion in Dividends

by Neymar
November 4, 2020
in KBF, Markets, News
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Kenya Electricity Generating Company PLC (KenGen) will pay a total dividend of Ksh 1.65 billion to its shareholders.

This follows approval of the Board’s recommendation by shareholders to pay the final dividend of Ksh 0.25 for the year for every ordinary share of Ksh 2.50.

The shareholders made the decision during the company’s virtual 67th Annual General Meeting (AGM) today.

The announcement comes at a time when Kenya and the world at large is facing challenges brought about by the Coronavirus Disease (COVID-19) Pandemic.

Speaking during the AGM, KenGen Managing Director &CEO, Mrs. Rebecca Miano, highlighted key business progress the company had made during the period under review. These include two multi-million shillings contracts the company is currently undertaking in Ethiopia, unveiling of the Community Engagement Strategy, expansion of the company’s energy capacity and diversification which has been instrumental in creating new revenue streams.

In his address, KenGen Board Chairman, Mr. Joshua Choge, pointed out that the company’s capacity expansion projects will ensure KenGen continued to competitively retain its market leadership.

Energy Principal Secretary, Dr. Eng Joseph Njoroge (centre), KenGen Board Chairman, Mr. Joshua Choge (right) and KenGen Managing Director & CEO, Mrs. Rebecca Miano (left) after the company’s 67th virtual Annual General Meeting.

In 2018, the company paid its shareholder Ksh 2.64 billion in dividends which translated to Ksh 0.40 for every ordinary share.

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During the period ending June 2019, business remained resilient despite challenging economic conditions in the country and globally, the chairman added.

To create more value for its stakeholders, KenGen is focusing on diversification, a strategy that has seen the company earn additional revenues.

During the year ended June 2019, the company’s energy sales grew from 7,989 GWh in 2018 to 8,277 GWh despite the dilution of the market share following new entrants. KenGen’s total revenue grew from Ksh 45.30 billion in 2018 to Ksh 45.97billion in 2019, leading to a 1.5% growth. 

Additionally, the company is exploring business growth through collaboration and partnership with development agencies.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]

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