Kenya Power and Lighting Company Plc and KenGen Plc on Friday said there would be a further delay in the announcement of their full-year results as the appointment of a new auditor general will not be finalized by end-November.
Both the state-controlled companies must secure approval for reporting their corporate results from the government’s new auditor general, who’s be appointed as the previous occupant retired in August.
The two companies, Kenya’s biggest electricity producer and power distributor, have also postponed their annual general meetings that were scheduled to be held at the end of the year.
The appointment of the auditor general was earlier expected to be completed by end-November but is yet to be finalized..
KenGen said in a statement it has sought the approval of the Capital Markets Authority (CMA) for a further extension to publish its full-year results upon the appointment of an auditor general.
