By Patrick Githinji
National Oil Corporation of Kenya (Nock) has launched a service charter that boldly sets out the firm's commitment to deliver high quality services to customers and other stakeholders.
Among commitments is to pay suppliers within 30 days upon receiving supporting invoices.
"National Oil will honour payments within 30 days of receipt of invoices with all supporting documents except where provided otherwise in specified contracts, in each case payment will be made accordance within the term of the contract," the charter says.
Under the new payment schedule, Nock says it will pay staff claims and imprest on Tuesday, process the suppliers' cheques on Wednesday and suppliers can collect them on Friday.
The state-owned firm also plans to list downstream operations— oil distribution — at the Nairobi Stock Exchange by next year. The firm will focus on establishing market leadership in commercial operations and championing oil exploration by 2013. And to promote transparency the firm has listed 43 suppliers of various products and services for the year 2010 to 2012.
Key appointment
The service charter comes at time when the firm is seeking to recruit a chief executive officer, since the current CEO Mwendia Nyaga term ends this month.
Ms Sumayya Hassan-Athmani is the acting managing director. Athmani joined Nock in 2004 and has served as the deputy managing director since 2007.
She was the strategic leader in Nock's successful acquisition of 10 per cent of Kenya Shell's retail outlets in July 2007, resulting in a 57 per increase of the firm's retail outlets from 21 to 33 outlets.
Source: The Standard | Online Edition
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