- East Africa
- Energy - Finance
Kenya to increase electricity tariffs
Kenyans will pay more for electricity from the middle of this year, the Kenya Association of Manufacturers (KAM) announced in its April newsletter on Friday.
KAM said the East African nation’s power utility firm, the Kenya Power and Lighting Company (KPLC), had already issued notice of intent to revise power tariffs upwards from June this year to enhance efficient service delivery.
KAM chief executive Betty Maina noted that the planned power tariff increase would affect the cost of production, which would in turn send inflation skyrocketing in an economy still reeling from post-election uncertainties.
"With the current political uncertainties, it is important to manage the energy available with minimum disruption," Maina said.
According to the latest Central Bank of Kenya (CBK) statistics, headline inflation has hit a high of 20 per cent, touched off by rising cost of consumer goods and services, a spike in oil prices and political violence.
Revenue collection in the first quarter of 2008, CBK said, had fallen to below US$200 million of the projections contained in the 2007/2008 national budget. Panapress .