Kenya’s bullet factory misses financial target



Business Daily | by Edwin Mutai


Kenya’s bullet factory failed to meet demand in the domestic market due to a wider financial loss of Sh694.3 million for the year ended June 2019, an audit report shows.

Auditor-General Nancy Gathungu said the Kenya Ordnance Factories Corporation (KOFC) losses increased from Sh470.8 million in the year to June 2018…

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