Kenya Electricity Generating Company PLC (KenGen), Africa’s premier green energy generator, has been inducted into the Morgan Stanley Capital International (MSCI) Frontier Markets Small Cap Index.

This significant development signals a potential surge in foreign direct investments for the NSE-listed firm, highlighting its strategic importance in the global energy sector.

This strategic capital investments milestone enhances KenGen’s visibility and attractiveness to global investors, positioning it as a key player in the frontier markets landscape.

“This development is expected to enhance shareholder value by attracting more international investment,
thereby increasing liquidity and potentially driving up share prices,” said Eng. Peter Njenga, KenGen’s
Managing Director and CEO.

The MSCI Frontier Markets Small Cap Index serves as a crucial benchmark for institutional investors seeking to gain exposure to emerging economies with high growth potential. KenGen’s inclusion in this index underscores its robust financial performance, innovative energy solutions, and commitment to powering Kenya’s future sustainably.

This inclusion reaffirms KenGen’s commitment to delivering affordable and reliable energy solutions to the nation, fostering economic growth, and contributing to Kenya’s vision for a green energy future.

In statement responding to the news, the Nairobi Securities Exchange (NSE), said being part of the MSCI
Frontier Markets Small Cap Index provides investors with a unique opportunity to invest in companies like
KenGen which have strong growth prospects, solid governance, and a proven track record in the energy
sector.

“The move will enable wider and deeper coverage of Kenya’s equity market increasing the visibility of
companies listed on the NSE and enhance their attractiveness to global investors as the indices serve as
benchmarks for institutional investors looking to gain exposure to frontier markets,” said Mr. Frank Mwiti,
NSE Chief Executive Officer.

“This inclusion is a testament to KenGen’s consistent performance and strategic growth initiatives. We are
thrilled to be recognized on such a prestigious global platform, which will undoubtedly attract more
investment into our company and, by extension, make Kenya an attractive investment option,” said Eng. Peter Njenga.

The broader impact of KenGen’s inclusion in the MSCI Frontier Markets Small Cap Index extends beyond the company, contributing to the overall growth and stability of Kenya’s financial markets.

This move is anticipated to inspire confidence among international investors, thereby fostering an environment conducive to further foreign investment and economic development.