Kenya Electricity Generating Company PLC (KenGen) has announced a dividend payout of Sh4.3 billion, with the Government of Kenya receiving Sh3 billion as the majority shareholder.
This marks a 117% increase in per-share dividends compared to the previous year, reflecting KenGen’s strong financial performance, which saw a profit after tax of Sh6.8 billion for the financial year ending 2024.
The latest disbursement follows an earlier payout of Sh1.3 billion to private and institutional shareholders on February 13, 2025.
Government Acknowledges KenGen’s Role in Economic Growth
KenGen Chairman Alfred Agoi and Managing Director & CEO Eng. Peter Njenga made the announcement at Stima Plaza in Nairobi, where they presented a dummy cheque to National Treasury and Economic Planning CS John Mbadi.
The event highlighted the government’s significant stake in KenGen and the company’s critical role in ensuring energy stability and economic growth.
“KenGen’s stability, cost efficiency, and reliability in energy supply are key indicators of our nation’s economic performance,” said CS Mbadi.
“We appreciate your work in securing the country’s energy future and will continue to support new projects through funding from development partners.”
KenGen’s Strategy: Expanding Renewable Energy Investments
Energy PS Alex Wachira also praised KenGen’s financial discipline and operational efficiency, affirming the government’s commitment to supporting future investments.
“KenGen is well managed, delivering consistent profits year after year. Moving forward, our focus will be on expanding geothermal, hydro, solar, and wind energy projects with support from the National Treasury and development partners,” Wachira stated.
Chairman Agoi attributed the dividend payout to increased electricity production, efficiency improvements, and sound financial management.
“This dividend is not just a financial milestone—it reflects effective policy collaborations and our dedication to Kenya’s energy security,” he said.
CEO Njenga emphasized KenGen’s long-term investment strategy, balancing shareholder returns with sustainable energy projects.
“Our performance showcases our ability to deliver both immediate shareholder value and long-term energy investments,” he noted.
He also highlighted the impact of favorable public policies, strategic partnerships, and regulatory support on the company’s continued growth.
KenGen Among Top Dividend Payers on the NSE
With this latest dividend, KenGen remains one of the top dividend-paying companies on the Nairobi Securities Exchange (NSE).
Kenya’s government owns 70% of KenGen, while private investors hold 30%. The company continues to drive Kenya’s transition to renewable energy, strengthening its position as a leader in Africa’s power generation sector.
