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Stanbic Bank looses Sh1.4 billion to a Chinese Development Company
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There is mischief in the manner in which Stanbic bank suffered a Sh1.4 billion loss in a contract involving Geothermal Development Company (GDC) and a Chinese company known as Hong Kong Offshore Oil Services Limited. The Chinese firm was contracted in November 2014 to drill 15-20 geothermal wells in Bogorua-Silali in
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There is mischief in the manner in which Stanbic bank suffered a Sh1.4 billion loss in a contract involving Geothermal Development Company (GDC) and a Chinese company known as Hong Kong Offshore Oil Services Limited. The Chinese firm was contracted in November 2014 to drill 15-20 geothermal wells in Bogorua-Silali in
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