Business Daily | by John Mutua
The National Oil Corporation of Kenya (Nock) is pushing for a Sh13 billion bailout from the National Treasury to pay bank loans and meet operating costs in the latest effort to remain afloat amid mounting losses.
Nock chief executive Gideon Morintat on Tuesday told MPs that Sh6.6 billion will be used to pay bank loans, Sh3 billion for operating costs and a further Sh3 billion for oil exploration on Block 14T in the Rift Valley basin…
