KenGen (Kenya Electricity Generating Company) has reorganised its Board that has seen two former politicians and one technocrat, who were independent Non-Executive Directors, step down effective March 3rd 2026.
Hon Alfred Agoi Masadia, Chairman of KenGen Board of Directors, Rehema Hassan and CPA Bernard Ngugi, all stepped down to make way for the revised KenGen Board structure under the new dual share structure. These Governance changes were approved at the company’s February 12th 2026 EGM.
Alfred Agoi is a seasoned leader and former Sabatia MP who served two terms between 2013 and 2022. He was appointed KenGen Chairman in December 2024 and has been instrumental in the growth of the listed firm. Agoi has over 22 years’ experience in business, strategic management and leadership, holding positions such as Marketing Director at Ideal Office Products Limited and CEO Kingsway Business Systems Limited. He holds a Bachelor of Arts degree in Economics and a Master’s in Business Administration with a focus on Strategic Management, both from the University of Nairobi.
Bernard Ngugi holds a Master of Business Administration in Finance and Bachelor of Commerce in Accounting both from University of Nairobi.
He is a Certified Public Accountant of Kenya and a member of the Institute of Certified Public Accountants of Kenya. He is also a Certified Secretary and a member of the Institute of Certified Secretaries of Kenya. Additionally, he holds a Graduate Diploma from the Chartered Institute of Purchasing and Supplies and is a member of the Kenya Institute of Supplies Management.
Ngugi is a former Managing Director and Chief Executive Officer of Kenya Power. Prior to his appointment, he was the Kenya Power General Manager, Supply Chain. Mr. Ngugi has had over 32 years’ experience at Kenya Power with expertise in financial and revenue accounting, internal audit and supply chain management.
Rehema Hassan born is a seasoned public policy expert and practitioner with a 30-year track record in implementing government policy and driving positive outcomes. She holds a Bachelor of Business Administration-Human Resources Management degree from Kenya Methodist University and a Diploma in Human Resource Management from Kenya Institute of Management.
She is the immediate former Women Representative for Tana River County which she actively served from 2017 till 2022.
At the National Assembly, Ms. Hassan served as the Patron of the National Government Affirmative Action Fund for Tana River County, Member of the Environment & Natural Resources Select Committee for the Twelfth Parliament and Member of the Members Service & Facilities Committee for the Twelfth Parliament.
She has previously served as the Assistant Director Human Resources, Tana River County, Human Resource Manager – Malindi District Commissioner’s Office and also served in various positions at the Tana River District Commissioner’s Office.
KenGen Board of Directors
In the new board structure of KenGen, Class A Shares held by the National Treasury will nominate 4 Directors, while Class B Shareholders nominate and elect three, alongside two Independent Non –Executive Directors on a streamlined nine-member board.
Alfred Agoi, the Company’s Board Chairman, is credited with providing steady and strategic leadership during KenGen’s period of significant growth and transformation. Under his stewardship, KenGen recorded its highest ever net profit of close to KSh 10 billion, reflecting strong operational performance and financial discipline.
Collectively, the outgoing directors played an important role in strengthening for listed firm’s governance framework, strategic direction and institutional resilience during a period of significant growth and transformation.
The market is now eagerly waiting for the new KenGen Board Chairman, to be picked by President William Ruto. Whether this will be another opportunity to reward political cronies or leave the running of this key government enterprise to technocrats, remains to be seen.
KenGen is the leading electric power generating company in East Africa; incorporated in 1954 under the Kenyan Companies Act as Kenya Power Company (KPC) with the mandate to generate electricity through the development, management and operation of power plants.
its inception in 1954, the company has made considerable inroads in Kenya’s energy sector. With a market share of around 60% and an installed capacity of 1,725MW, KenGen is the largest energy producer in East Africa.
The company’s installed generation capacity mix includes Hydro 826 MW (47.9%), Geothermal 754 MW (43.7%), Thermal 120 MW (7%), and Wind 25.5 (0.71%).
ALSO READ: KenGen Half-Year Profit Drop. What You Need to Know
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