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Kenya Power issues profit alert as business declines

A Kenya Power staffer repairs electricity along Ngong road in the capital Nairobi on June 13, 2020. Kenya Power has issued a profit alert after seeing a plunge in demand for electricity. PHOTO | DENNIS ONSONGO | NMG

By  James Anyanzwa

Business Reporter in Nairobi, Kenya

Nation Media Group

Kenya Power has issued a profit alert after seeing a plunge in demand for electricity, signalling the wider struggle for all other businesses amid the Covid-19 lockdown.

Energy consumption is a key barometer used to gauge economic activity, with increase or decrease in demand indicating shifts in level of production.

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