• Rubis acquired KenolKobil in March last year in a Sh36 billion deal. • KenolKobil was the third-largest (in sales market share) with 15.4 per cent while Gulf Energy had a 6.2 per cent market share. The Embakasi Kobil Petrol Station which is at the centre of dispute. Dealers of a Kobil petrol station have […]
The research analysis of Lubricating Grease market offers significant information regarding the major trends that define this business landscape with regards to the regional outlook and competitive scenario. The report also highlights the limitations & challenges that could hamper the industry remuneration alongside the key opportunities that will aid in business expansion. Moreover, the document […]
Safaricom’s #ticker:SCOM share of combined investor wealth at the Nairobi bourse touched a high of 58.79 percent on Wednesday after weeks of a steady rise in its stock prices in a period that has seen other dominant stocks shed value. The telco claimed at least half of the market wealth on March 19 and has […]
In the next two years, the KenolKobil brand will disappear. And as with other major oil marketers that exited Kenya such as Caltex and Agip, the only remnants of the brand might be towns or matatu stages that took the oil marketer’s name during its heydays. This comes as the new owners of the oil […]
The Capital Markets Authority (CMA) wants the government to sell additional shares in listed State firms to help improve the trading liquidity of the Nairobi Securities Exchange. Trading activity at the stock market has slowed down due to lower share prices following the onset of the Covid-19 pandemic, which dragged down market turnover ratio to […]
Overview of Mergers and Acquisitions Activity in Kenya Kenya has experienced a substantial increase in Mergers and Acquisitions (“M&A”) activity in recent years. The Deal Drivers Africa Report, published by Mergermarket, ranks Kenya among Africa’s most sought-after country for M&A transactions. Additionally, until the onslaught of the COVID-19 pandemic, M&A activity in the East Africa […]
Oil companies are raking in losses amounting to billions of shillings annually as unregulated gas filling stations continue to pop up across the country. Rubis Energie Kenya, which recently acquired KenolKobil and Gulf Energy to push its Kenyan market share to 21 per cent, said it loses between Sh540 million to Sh1.1 billion annually. The […]
Rubis Energy Kenya fuelling station at the United Nations Avenue in Gigiri, Nairobi. FILE PHOTO | NMG French multinational Rubis Énergie has saved €10 million (Sh1.2 billion) in its takeover of Kenya’s oil marketer Gulf Energy after negotiating the buyout price downwards. Rubis says the deal, which was completed early this year, had a provision […]
Rubis Energie Kenya Managing Director Jean-Christian Bergeron (left) and Petroleum Principal Secretary Andrew Kamau during the launch of the Rubis brand on October 7, 2020 PHOTO | COURTESY French based oil marketer Rubis Energie has begun rebranding KenolKobil, Gulf service stations as it takes full control of the pair of acquisitions. On Wednesday, the firm […]
Petroleum PS Andrew Kamau fuels a car during the launch of the Rubis Service Station, UN Avenue, Gigiri, on Wednesday/MOSES MWANGI French oil firm Rubis Energy plans to be a fully stand-alone brand in Kenya by end of 2022, it announced yesterday. The company, which officially launched its Rubis brand in Kenya, is phasing out […]
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