Vehicle leasing to address Kenya Power cash flow challenge

Kenya Power employees ordered to declare their wealth by November 22

Kenya Power plans to lease a fleet of vehicles for its daily operations as it moves away from car purchases to ease its cash flow problems.

KPLC spent Ksh.16.19 billion in the financial year to June 2020 to purchase property and equipment such as transmission wires, transformers and vehicles, and says the lease programme will also help lower its transport costs.

Economic analysts argues that this could prove the best option for the cash-strapped company that has also been caught in a corruption allegation.

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Lawrence Baraza is a prolific writer with competencies in Digital Media, Print, and Broadcast. Baraza is also a Communication Practitioner currently spearheading Digital content on Metropol TV's Digital Desk.

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