KPC plans Mombasa petroleum trading hub as profits rise 13%

Kenya Pipeline Company is planning to turn its former refinery facilities in Mombasa into a petroleum trading hub, as it reports higher earnings from its fuel transport and storage business. The company’s net profit shot up 13 percent to 11.5 billion shillings, with annual revenue reaching 43 billion shillings. The proposed hub would give KPC more ways to earn from the region’s petroleum trade, including supplying fuel to ships and handling cargo for re-export. Here now is Jasmine Wambui with that report.