Vehicle leasing to address Kenya Power cash flow challenge

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

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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