East Africa Report - Kengen Bond

The Vision 2030 economic blueprint identifies energy as critical to Kenyas goal of becoming a fully developed country in the next two decades. However, following an over reliance on hydro power, the country is facing an acute power shortage resulting from seasons of prolonged drought, a factor which might curtail Kenyas dream of reaching this goal, demand is high, annual, and is currently growing at 8% per annum. It is with this in mind that KenGen this officially launched its public infrastructure bond. Kenyas electricity power generator is seeking to raise Ksh 15 Billion through the bond offer, the largest corporate bond offering in Kenyas history, to finance its capacity expansion programme.

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