That Kenya Power is haemorrhaging is no secret. Since January this year, every headline in the local newspapers about the company has tended to present a different expressive word of a slowly collapsing giant.
Its failure will certainly undermine the country’s competitiveness.
As a result, industrialists are quietly relocating to neighbouring countries and exporting their products into Kenya under regional trade agreements, a large chunk of which tend to favour importation. Manufacturing, one of the key Agenda 4 items that was supposed to increase to 15 percent by 2022 (currently at 9.2 percent), create jobs, increase foreign direct investment and improve ease of doing business, is now on the wrong trajectory.