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.
