Sharp Daily
No Result
View All Result
Saturday, August 2, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Deloitte appointed to handle Kenya Power board changes

Clerkson Aroni by Clerkson Aroni
November 23, 2023
in Appointments, News
Reading Time: 1 min read

Kenya power has appointed Deloitte and & Touche LLP to lead the process of onboarding independent directors to the Kenya Power board.

In a press statement on Thursday, the company said that this was in line with the recent amendments made to the company’s Article of Association. The amendments include restructuring of the Board of Directors to reflect the company’s shareholding structure.

“During an extraordinary general meeting that was held on 10th November 2023, shareholder approved the amendments key among them the restructuring of the Board of Directors to reflect the company’s shareholder structure,” the statement said.

Four directors are now expected to be elected by private shareholders who are minority shareholders, while the other five directors will be appointed by the National Treasury as the majority shareholder in the firm.

RELATEDPOSTS

Let’s power rural Kenya’s economic revival

April 29, 2025

Kenya Power targets 150,000 new customers in Phase VI of last mile project

April 9, 2025

“Deloitte will oversee the nomination and election of the independent directors to give assurance on the integrity of the process and provide the required support to the Board of Directors,” the  statement added.

Kenya Power said that the changes in the structure of the Board of Directors are meant to safeguard the interests of both minority and majority shareholders that are in line with good corporate governance practices.

Further more, the changes are aligned to the Government’s commitment to transform Kenya Power to a commercially viable entity, by delinking development initiatives, to allow the company to operate on commercial principles.

 

 

 

Previous Post

Kenyan Government increases education budget by KES 65 Billion

Next Post

Visa Tap to phone tech powering iPay’s “Tap Ulipe” rollout in Kenya

Clerkson Aroni

Clerkson Aroni

Clerkson is a passionate writer and video creator who is fascinated by football, lifestyle, history, and sharing new discoveries. When he's not researching and writing compelling stories, he's behind the camera capturing informative videos for his audience. He welcomes story ideas and feedback from readers at cmotari@thesharpdaily.com

Related Posts

commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
1049795356

Maximizing Your Pension Contributions

August 1, 2025

The functional role of narrative in financial markets

August 1, 2025

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 2025

Kenya’s Interest Rate Cut: A Turning Point for Growth

July 31, 2025

Why Syokimau, a satellite town is attracting real estate investors

July 31, 2025

Shri Krishana Overseas lists on NSE

July 25, 2025

Why young professionals should care about pensions

July 23, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024