KenGen risks losing its investment of more than Sh363 million in the form of fixed deposits in Stima Investment Co-operative Society after the latter failed to repay the amount to the power producer.
The Nairobi Securities Exchange-listed firm invested Sh100 million in Stima between 2015 and 2016—when it was led by former chief executive Albert Mugo—through its charitable arm KenGen Foundation.
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