International lender blocks Kenya from further power price cuts
IMF has blocked Kenya from further cuts on electricity prices, citing a potential collapse of Kenya Power which is currently struggling with cash flow problems.
The International Monetary Fund (IMF) has blocked Kenya from further cuts on electricity prices, citing a potential collapse of Kenya Power which is currently struggling with cash flow problems.
Kenya cut the power tariffs by 15 per cent in January this year in the initial phase of a two-part plan to lower power costs, handing relief to households and firms that have been braving high electricity costs.
