Government to Receive Billions from KenGen Earnings

Kenya Electricity Generating Company (KenGen) has approved a first and final dividend of KSh 0.90 per share for the financial year ended June 30, 2025, up from KSh 0.65 per share in 2024. The Government of Kenya, holding a 69.99 percent stake, will receive KSh 4.2 billion, while private and institutional investors also benefit. The dividend reflects KenGen’s strong financial performance, which saw net earnings rise 54 percent to KSh 10.48 billion, driven by cost reductions, diversified revenue streams, and a strengthened foreign exchange position.

KenGen continues to supply roughly 60 percent of the country’s electricity, with installed capacity of 1,786 MW generating 8,482 GWh over the past year. Revenue held steady at KSh 56.1 billion, while income from regional and consultancy operations surged 235 percent. Operating costs fell 11 percent, aided by improved efficiency and lower debt levels. The company also recorded net foreign exchange and fair value gains of KSh 1.45 billion compared to a loss the previous year.

KenGen’s leadership says the results reflect its ongoing strategic priorities under the G2G 2034 plan, which targets 1,500 MW of new renewable capacity and 500 MWh of energy storage to support Kenya’s industrial and low-carbon growth ambitions. The company is also expanding regional geothermal consultancy projects and implementing new generation projects, including solar, hydro, and geothermal expansions, expected to strengthen grid reliability and accelerate Kenya’s renewable energy transition.