Business
Struggling National Oil Puts Up Ksh 566 Million Property On Sale
State-owned National Oil Corporation of Kenya which has been revealed to be operating at the mercy of bank overdrafts and facilities from commercial lenders has now put up property worth Sh.566 million up for sale.
The oil marketer offered the retail stations and prime land in a listing tender notice on its website. “National Oil Corporation of Kenya invites sealed tenders from eligible candidates to purchase National Oil assets and parcel of land… The assets are sold on “as is, where is” basis.”
The listing delivers a huge blow on the marketer who had announced plans to open 185 new retail stations across the country over the next three years as part of its turnaround strategy.
The properties up for sale which the firm has valued at Sh566 million include two houses — Kunde Road Residential House and Thompson Estate in Lavington Nairobi —and land in Embakasi, Nakuru and Nyahururu.
The petrol stations include Tigoni Service Station along Limuru Road in Kiambu, Hunters Service Station in Makueni County, Londiani Service Station in Londiani Town Kericho County, Sagana Service Station in Sagana Town Kirinyaga County and Bondeni Service Station in Nakuru Town.
This comes as the firm has become a circus for competing political interests and corporate intrigues after earning the dubious distinction of having three CEOs in one month.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
How Adil Popat Saved His Empire On The Eve Of Imperial Bank Collapse and Why Kenya’s Mainstream Media Buried The Story
South Sudan: Adut Salva Kiir’s Shadow Treasury Exposed
Wajir North MP Ibrahim Abdi Dissatisfied With2026/27 Budget, Claims It Totally Excludes North Eastern Region
The Eldoret Tax Fortress: How David Langat Turned an Industrial Park Dream Into Kenya’s Most Sophisticated Domestic Tax Haven
Why John Ngumi Is Running From the EACC and Why the Sh415 Million Payday May Be the Least of His Worries
Shiquo Hii Style Store Was Not Raided, Anti-Counterfeit Authority Confirms; Says Influencer Used Empty Shelves for Content as She Relocates
Treasury CS Mbadi Unveils Sh4.8 Trillion Budget Estimates
Fraud, Misrepresentation and A Decade Of Evasion: How Indo Africa Finance Pocketed Sh150 Million Youth Funds and Fought To Keep Every Cent
Kenya Picks Chinese Firm For Sh375 Billion JKIA Upgrade Project After Adani Fallout
The President’s Daughter and The Missing Witness: How Adut Salva Kiir’s Shadow Treasury Silenced Its Most Dangerous Critic
Cement, Cash and Courts: How the Hashu Dynasty Crushed the Ramji Brothers for Fourteen Years and Why the Walls Are Now Closing In
Inside The Urban Planning Cartel That Owns Nairobi
Standard Chartered Ghosts Haunt Joshua Oigara At Stanbic As Whistleblower Spills Beans
Inside NCBA’s Decline: How a Banking Giant Lost Its Strategic Edge
Why Ruto’s Favourite Candidate Adan Mohammed Could Be Locked Out of the KRA Top Job
LifeCare on the Brink: SHA Fraud, Stolen Wages, and the Rotten Empire Jayesh Saini Built
Betika Faces DCI Probe, Directors Arrest and License Revocation Over Massive 29.5 Million Safaricom Customers’ Data Breach
Este Medical Kenya Fights American’s Explosive Complaints
Fresh Move Launched to Remove Kenya Railways MD Mainga From Office After Awarding Sh817 Million Consultancy Contract
The Rot Inside Absa: How Bank Insiders Are Looting Nairobi’s Customers
-
Investigations1 week agoCement, Cash and Courts: How the Hashu Dynasty Crushed the Ramji Brothers for Fourteen Years and Why the Walls Are Now Closing In
-
Investigations7 days agoInside The Urban Planning Cartel That Owns Nairobi
-
Business2 days agoStandard Chartered Ghosts Haunt Joshua Oigara At Stanbic As Whistleblower Spills Beans
-
Business3 days agoInside NCBA’s Decline: How a Banking Giant Lost Its Strategic Edge
-
Investigations2 weeks agoBetika Faces DCI Probe, Directors Arrest and License Revocation Over Massive 29.5 Million Safaricom Customers’ Data Breach
-
Investigations1 week agoFresh Move Launched to Remove Kenya Railways MD Mainga From Office After Awarding Sh817 Million Consultancy Contract
-
Business1 week agoTRUST BETRAYED: How Senior DTB Bank Insiders Allegedly Looted Sh149 Million From a Customer’s Account Over Five Years
-
News2 weeks agoHow Uhuru’s Deal With Obama In 2015 Paved Way For America’s Ebola Plan In Kenya