No temper @ericsson.. Just laying down a fact. The company said it needed cash, how much cash in shilling terms was collected for the intended projects

@Obiero
Go and read the information memorandum. The purpose was to re balance the debt:equity ratio so for the case of gqva part of the debt was retired by converting to equity for the rights issue. So if for example kengen owed gava sh.30bn post rights issue its now 10bn.
That gives kengen room to pay lower finance costs and get loans from JICA for new power plants to be built

@Aguytrying.
If the company is able to utilise the debt well, grow assets, grow its revenue, grow the profits and give out consistent dividends then there should be no cause of alarm of the debt.
Moreover the company has a brilliant finance director

I was attracted to kengen by a high dividend yield.I entered at kshs 6.80 which at the current dps of kshs 0.60 represents a dividend yield of 11%.Im also not very comfortable with a high debt to equity ratio.But im comfortable with my entry price.With the rights issue shares coming to the market,i hope to add more at cheaper price.Im comfortable with their business monopoly which i believe will continue growing profits.They have also been consistent at paying dividends since listing in 2006.So as long as they make profits,pay me dividend,i will be comfortable in the medium term.I will keep increasing my holding at cheap price while increasing my dividend pay.This is a company im in for mainly divisification.

@Sparkly
Dividend payout ratio is the key