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HomeDaily NewsMonday, September 15, 2025Kenyans Face Higher Power Bills, Rising Borrowing Costs, and Mass Job Losses - September 2025
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Kenyans Face Higher Power Bills, Rising Borrowing Costs, and Mass Job Losses - September 2025

Kenyans will face significantly higher electricity bills in September 2025, as the Energy and Petroleum Regulatory Authority (EPRA) announced an increase of Ksh4.42 per kWh. This adjustment is attributed to rising fuel energy costs and foreign exchange fluctuations. A new Moody's Ratings report indicates that borrowing has become more expensive for Kenyan businesses due to tough market conditions and government overborrowing from local sources. These conditions are impacting businesses' ability to secure affordable credit. In a related economic development, Kenya faces significant job losses as 140 companies are closing down. An initial 60 companies have already been dissolved, with another 80 slated for closure, impacting various sectors across the country.

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Monday 1:43 PMKenyans

Why Your September Power Bills Will Jump by Over Ksh4 per Unit

Why Your September Power Bills Will Jump by Over Ksh4 per Unit

Kenyans will face significantly higher electricity bills in September 2025, as the Energy and Petroleum Regulatory Authority (EPRA) announced an increase of Ksh4.42 per kWh. This adjustment is due to rising fuel energy costs, foreign exchange fluctuations, and a Water Resource Management Authority (WRMA) levy.

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Key Highlights

Kenyans will face significantly higher electricity bills in September 2025, as the Energy and Petroleum Regulatory Authority (EPRA) announced an increase of Ksh4.42 per kWh. This adjustment is due to rising fuel energy costs, foreign exchange fluctuations, and a Water Resource Management Authority (WRMA) levy.

  • The total increase amounts to Ksh4.42 per kWh, combining a 360 Kenya cents per kWh increase for fuel energy costs, an 80.67 cents per kWh adjustment for foreign exchange fluctuation, and a 1.34 cents per kWh WRMA levy.
  • This means a household using 30kWh per month will pay an additional Ksh132.6, and prepaid customers buying Ksh500 worth of tokens will receive approximately 4.5 units (or nearly 18 percent) less electricity.
  • The main organizations involved are the Energy and Petroleum Regulatory Authority (EPRA) and the Water Resource Management Authority (WRMA), with Kenya Power tokens also directly affected.
Monday 7:39 AMKenyansFirst

Mass Job Losses as 140 Companies Shut Down

Mass Job Losses as 140 Companies Shut Down

Kenya faces significant job losses as 140 companies are closing down. An initial 60 companies have been dissolved, with another 80 slated for closure, impacting various sectors across the country.

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Key Highlights

Kenya faces significant job losses as 140 companies are closing down. An initial 60 companies have been dissolved, with another 80 slated for closure, impacting various sectors across the country.

  • Hiram Gachugi, the Deputy Registrar of Companies, announced the closures via a gazette notice under Section 897(4) of the Companies Act.
  • The dissolved companies can no longer conduct business or enter legal contracts, and their assets become bona vacantia, reverting to the state.
  • The affected companies span diverse industries including technology, healthcare, shipping, real estate, education, and energy, with reasons for closure potentially including failure to file annual returns or inactivity.
Monday 1:35 PMKenyans

Why Borrowing Is Getting More Expensive for Kenyan Businesses

Why Borrowing Is Getting More Expensive for Kenyan Businesses

A new Moody's Ratings report indicates that borrowing has become significantly more expensive for Kenyan businesses due to tough market conditions, inflation, and weak policies, impacting their ability to secure affordable credit. The report specifically highlights government overborrowing from local sources as a key driver of rising interest rates.

Read Story

Key Highlights

A new Moody's Ratings report indicates that borrowing has become significantly more expensive for Kenyan businesses due to tough market conditions, inflation, and weak policies, impacting their ability to secure affordable credit. The report specifically highlights government overborrowing from local sources as a key driver of rising interest rates.

  • According to Moody's, Kenyan debt carries a spread of around 500 basis points above U.S. Treasury bonds, reflecting a higher risk of lending to Kenya.
  • Senior Vice President Lucie Villa from Moody's stated that "Borrowing costs are high across the board," affecting banks, non-financial companies, and sovereigns in Kenya, Nigeria, and South Africa.
  • The report suggests that improving economic policies, better financial regulation, and broader access to credit are necessary to sustainably reduce borrowing costs in Kenya. Meanwhile, Treasury Cabinet Secretary John Mbadi expects to raise Ksh149 billion from privatization to fund this year's budget.
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