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Ecobank moves to recover Sh5b from distressed fuel marketer

Ecobank Towers, Nairobi. [Elvis Ogina, Standard]

Prime properties belonging to Kenyan oil marketer Hashi Energy have been put up for auction over billions of shillings allegedly owed by the financially troubled company.

Hashi Energy, owned by local tycoon Ahmed Hashi, is one of the oldest indigenous oil marketing companies in East Africa, with operations in Kenya, Uganda, Rwanda, Tanzania and the Democratic Republic of Congo (DRC).

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