National Oil lost Sh500m in single year, risks auction



The Standard | by Moses Nyamori


Cash-strapped National Oil Corporation of Kenya (Nock) lost nearly half a billion shillings in a single financial year, raising its accumulated losses to over Sh3 billion.

In addition, the auditor general report states that the State-owned corporation’s current liabilities stand at Sh7.5 billion, more than its current assets estimated at Sh2.3 billion…

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