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 […]
French oil marketer Rubis Energie has started the process of rebranding over 200 KenolKobil and Gulf gas stations in Kenya. On Wednesday the company announced plans to rebrand all the stations currently operating under the KenolKobil and Gulf Energy brands, which it acquired last year. The total rebranding operation includes 190 KenolKobil sites and Gulf […]
Petroleum PS Andrew Kamau (centre), Rubis Energy Kenya Group managing director and East Africa CEO Jean-Christian Bergeron (left) and General Manager Martin Kimani during the launch of Rubis Energy Kenya after the aquisation of KenolKobil and Gulf Energy Holdings at United Nations Avenue, Gigiri in Nairobi. PHOTO | KANYIRI WAHITO | NMG French multinational Rubis […]
The Capital Markets Authority (CMA) is locked in a fresh court battle over the KenolKobil insider trading case after the former head of one of Kenya’s biggest stockbrokers – who was banned over the breach – moved to overturn the punishment. Andre DeSimone, who left his position as chief executive of Kestrel Capital in April […]
A Total petrol station in Limuru. FILE PHOTO | NMG Vivo Energy has retained its position as the top oil marketer in terms of sales, but KenolKobil has overtaken Total to second. Data from the Petroleum Institute of East Africa covering the third quarter ending September last year shows that the market share of Vivo, […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
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