KenGen risks losing Sh363 million in Stima Investment Co-op

Author: Dennis MusauPublished on: November 3, 2026Country: Kenya

Business & Economy

KenGen risks losing Sh363 million in Stima Investment Co-op

KenGen risks losing more than Sh363 million invested in fixed deposits with Stima Investment Co-operative Society, which has failed to repay the power producer. KenGen invested Sh100 million in the co-operative between 2015 and 2016 through its charitable arm, the KenGen Foundation. Stima was led at the time by former chief executive Albert Mugo.

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