KenGen has invited Class A Shareholders (minority shareholders excluding the National Treasury) to nominate candidates for two Independent Director positions on its Board ahead of the AGM on 29th October 2026.
The nomination deadline is 21st October 2026 at 11:00 AM. The National Treasury, which holds Class B shares, will appoint the other four Independent Directors.
The KenGen Plc AGM will be held virtually. The election of the 2 independent directors will be done by holders of Class A ordinary shares in line with amendments of the Company’s Articles of Association approved during the firm’s EGM held on February 12th 2026. The amendments provide for proportionate representation of shareholders in the Board.
Class A ordinary shares refers to shares held by the minority shareholders other than the National Treasury. The majority shareholder, the National Treasury, as the holder of Class B Ordinary shares, will on the other hand appoint 4 independent directors.
The mix of skills and competencies required for the KenGen Board is expected to achieved through the appointment of these directors.
KenGen is holding its AGM at a time when it has undergone one of the most radical changes in its top leadership, the latest to leave being Engineer Peter Njenga, who has since been replaced by Engineer Kibet Ronoh as Acting Managing Director.
Electricity Generating Company PLC (KenGen) is the leading electricity generation company in the Eastern Africa region, with an installed generation capacity market share of over 60%. The company’s primary business is to provide safe, reliable, and competitively priced electric energy for the country in an environmentally friendly and sustainable manner while creating value for its stakeholders.
Today, KenGen PLC has an installed generation capacity of 1,786 MW, of which over 90% is drawn from renewable sources, namely Hydro (826 MW), Geothermal (754 MW), and Wind (25.5 MW). The balance is from Thermal.
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