Vivo Energy Kenya Reaps Sh336 Million Profit from Controversial Fuel Subsidy Bond

Oil marketer Vivo Energy Kenya has booked a windfall profit of Sh336 million from the government’s fuel subsidy bond programme, highlighting how corporate players are cashing in on public financing mechanisms meant to cushion consumers. The payout, disclosed in its latest financial disclosures, stems from the interest and settlement terms of bonds issued by the National Treasury to oil firms .......