Questions as water firm posts losses - News Summed Up

Questions as water firm posts losses


[Courtesy]A shock Sh186 million loss at a Kisii water company has been blamed on poor management and lack of proper oversight. Three weeks ago, water to both Kisii and Nyamira counties was disconnected over what authorities said was non-payment of electricity bills owed to the Kenya Power by the water company. Kisii and Nyamira county governments have since reached an agreement with the firm on how to settle the bills. Painful recoveryAccording to the Kisii Water and Natural Resources acting Executive Committee Member Amos Andama, the company is undergoing a painful recovery process. It is expected that once the new board takes over, an audit of the activities and malpractices, if any, in the water company will be launched.


Source: Standard Digital May 12, 2021 07:07 UTC



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