KenGen profit falls 20% as Kenya power producer withholds interim dividend

• Profit falls 20% despite 9% revenue growth
• Board withholds interim dividend amid debt focus

NAIROBI, KENYA – Kenya Electricity Generating Company (KenGen) has reported a 20% drop in half-year profit and withheld an interim dividend, citing weaker finance income and rising operating costs.

The state-owned power producer posted net profit of KSh4.2 billion ($32.6 million) for the six months to December 2026, down from KSh5.3 billion ($41.1 million) in the same period a year earlier.