The Kenya Power and Lighting Company (KPLC) has announced the dismissal of 49 employees this year for breaching the company’s code of ethics.
Speaking on Friday, November 29, during the company’s annual general meeting, Kenya Power CEO Joseph Siror emphasized the organization’s zero-tolerance policy towards fraud and corruption.
“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. These efforts have also contributed to an improvement in our corporate reputation index to 63% in 2024, up from 61% in 2023,” Siror stated.
The CEO also revealed that Kenya Power exceeded its annual connectivity target by 12%, adding 447,251 new customers and increasing the total customer base to 9.66 million. He attributed this success to the availability of critical materials in the second half of the year and the deployment of a Rapid Results Initiative (RRI) to address connectivity backlogs.
“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 and the deployment of RRI to clear backlogs,” Siror explained.
In addition, Siror highlighted the company’s financial recovery, noting that its share price, which had dropped to Ksh1.40 in the past five years, has rebounded to Ksh3.76. He credited the turnaround to renewed investor confidence and the company’s focus on growth and profitability.
Kenya Power Board Chairperson Joy Masinde underscored the company’s commitment to social and environmental responsibility.
“In September, we launched the Kenya Power Foundation, affirming our dedication to corporate social responsibility and community investments. In November, we also unveiled the Sustainability Strategy Report, further highlighting our focus on driving positive social and environmental impact,” Masinde remarked.
The updates signal Kenya Power’s continued efforts to improve governance, enhance service delivery, and foster sustainable growth.
