Business Daily | by Edwin Mutai
MPs want the Treasury to wind up the cash-strapped National Oil Corporation of Kenya (Nock) to save taxpayers billions of shillings in a bailout.
The National Assembly’s Energy Committee said Nock is no longer economically viable and should either be closed or sold to private investors.
The lawmakers have backed proposals by the KCB Group and Stanbic Bank to sale the loss-making company, which owes the lenders Sh5.9 billion in loans principal and interest…
