Kenya Power sacks 49 employees over corruption
The Kenya Power and Lighting Company (KPLC) has disclosed that it sacked 49 employees during the year over corruption
The Kenya Power and Lighting Company (KPLC) has disclosed that it sacked 49 employees during the year over corruption.
Speaking on Friday, November 29, during the company’s annual general meeting, Kenya Power CEO Joseph Siror noted that the company has zero tolerance for fraud and corruption.
He added that the company has improved its corporate reputation index to 63 percent in 2024 compared to 61 percent in 2023.
“We have zero tolerance for fraud, corruption, and bribery, as demonstrated by the dismissal of 49 employees for violating the company’s code of ethics, alongside ongoing efforts to combat unethical practices, improving our corporate reputation index to 63% from 61% the previous year,” Siror remarked.
At the same time, the Kenya Power CEO disclosed that the company exceeded its annual connecting target by 12 percent.
“We exceeded our annual connectivity target by 12%, adding 447,251 new customers and growing our base to 9.66 million, supported by the availability of critical materials in the year’s second half and the deployment of a Rapid Results Initiative (RRI) to clear the connectivity backlog,” Siror explained.
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Additionally, he indicated that the company’s share price had fallen to a low of Ksh1.40 over the past five years but has since risen significantly to Ksh3.76, attributing this recovery to renewed investor confidence and the company’s dedication to fostering growth and profitability.
Speaking during the meeting, Kenya Power Board Chairperson Joy Masinde, noted that the company is committed to corporate social responsibility and community investments to drive positive social impact.
“In September, we launched the Kenya Power Foundation, highlighting our commitment to corporate social responsibility and community investments, and in November, we unveiled the Sustainability Strategy Report, further underscoring our focus on these key areas to drive positive social and environmental impact,” Masinde remarked.
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