Kenya Strength seeks extra debt collectors

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Monday September 13 2021

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Kenya Strength workers. FILE PHOTO | NMG

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By JOHN MUTUA

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Summary

  • Kenya Strength is looking out for to rent four debt collectors this year within the most modern converse to tame defaulters keeping billions of shillings.
  • The utility final week printed the soft intelligent companies to seem at for the deals that will final for two years.

Kenya Strength #ticker:KPLC is looking out for to rent four debt collectors this year within the most modern converse to tame defaulters keeping billions of shillings.

The utility final week printed the soft intelligent companies to seem at for the deals that will final for two years.

“The corporate commissioned the products and companies of four non-public debt collectors within the 2d half of of the final financial year. The final four will be on-boarded as soon as tendering is concluded,” Kenya Strength told the Industry Day after day.

The monopoly added that the debt ranges from six months to 2 years, highlighting complicated instances for families struggling to pay strength bills amid the ravages of the economic fallout of the coronavirus pandemic.

Domestic customers are the very very most realistic defaulters of Kenya Strength bills, keeping over 60 p.c of the dues owed to the utility.

The expansive chunk of debt amongst households comes at a time strength bills relish been on the upward push due to the the rising petroleum worth within the realm market.

Here’s the 2d time in as decades that Kenya Strength is looking out for debt collectors to obtain better dues that relish been estimated at Sh5 billion as at August final year.

The debt collectors can support obtain better dues from households and companies in four regions including Nairobi and the Flit.

Kenya Strength chairperson Vivienne Yeda for the length of the utility’s annual long-established assembly this year acknowledged that sealing loopholes that facilitate financial haemorrhage and bettering income sequence is top on the company’s checklist.

Kenya Strength’s total debts as at cease of ultimate June stood at Sh118.73 billion, made up of Sh65.96 billion commercial debt and Sh53.26 billion on-lent debt.

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