The National Oil Corporation of Kenya (Nock) has started repaying the Sh7.53 billion loan tapped from KCB Group more than a decade ago, as the firm seeks to unshackle itself from debts.
A letter seen by the Business Daily shows that Nock wrote to the Ministry of Energy and the National Treasury for release of Sh1.535 billion, where Sh1.215 billion was to make the first payment of the KCB loan.
