Quote:KenolKobil, Kenya’s second largest oil marketer, is on the verge of collapse unless the government and its agencies change their stance on the once politically connected company in the country.
The oil marketer, controlling about 21 per cent of the oil market, has been locked out of the only two avenues of importing oil products in the country — the open tender system (OTS) and allocation through Kenya Petroleum Refineries Ltd (KPRL).
According to an insider who sought anonymity due to the sensitivity of the matter, this has forced the oil marketer to buy oil products “from here and there” to keep its outlets in operation.
“The company is still not allocated fuel products from the refinery and it cannot participate in the OTS as well. This has forced it to survive on purchasing fuel from other marketers, leaving very little profit margin, if at all there is any,” the source told Smart Company on Friday.
Someone here almost killed me, calling me a KANU sympathiser when i said a businessman with a piece of brain should NEVER engage the government in any tussle, be it verbal or legal. Just ask Dagonte.
Now this is what 'genius' Sengeman has brought to KK investors.
Receive with simplicity everything that happens to you.” ― Rashi