| Updated Tue, June 13th 2017 at 10:41 GMT +3An expansion spree by middle tier and small oil marketing companies in a race to grow their footprint and compete with multinationals has left them nearly dry - with less to finance daily operations. The balance between working capital and expansion becomes another challenge,” said Maimba. “The pricing structure works well for the small players because there is distribution of margins despite the size and economies of scale. So you need another source of financing to keep you going.”With the middle tier and small players expansion both in Kenya and the region, there is a likelihood that more will sell stakes to both local and international investors. It is just that they want financing to expand or inject working capital.”

Source: Standard Digital June 13, 2017 07:41 UTC