NAIROBI, Kenya, Dec 23 -Vivo Energy Kenya, the company that distributes and markets Shell-branded fuels and lubricants in the country has maintained its market leadership, latest data from Petroleum Industry East Africa (PIEA) shows. According to the sectorial report, Vivo Energy Kenya grew its overall market share (including exports) to 18.5% in quarter III, 2020 […]
Vivo Energy Kenya MD Managing Peter Murungi and Sandra Mutua engage recruit a customer onto Shell Club, during the launch of Shell Sabaki station on November 13 Vivo Energy, the company behind the Shell brand in Kenya outsold its rivals to maintain market leadership despite a subdued market occasioned by the Covid-19 pandemic. The Petroleum […]
Solar panels installed at the rooftop of one of Total Kenya’s service stations. [Source: Twitter] Total Kenya has installed solar panels in 107 of its service stations across the country in a significant shift towards solar energy. The move comes at a time when the energy sector in Kenya is experiencing a growing shift to […]
A 93MW solar power plant is set to be built in Mali. This is after the government gave the go-ahead to Phanes Energy Mali-SA , a subsidiary of the Phanes group to develop the plant plant in Touna in the cercle Bla, Ségou region. The energy firm signed a power purchase agreement (PPA) with the […]
Absa Kenya was the top mover at the Nairobi Securities Exchange on Tuesday after selling 5.38 million shares with a market capitalization of 54.32 billion shillings. The second top mover of the day was Safaricom who moved 4.83 million shares with a market capitalization of 1.28 trillion shillings. KCB Group and the Co-operative Bank of […]
November, Monday 2, 2020: Safaricom was the top mover of the day after moving 7.89 million shares at a market capitalization of 1.25 trillion followed by Bamburi Cement with 1.78 million shares at a market capitalization of 8.28 billion shillings. Equity Group moved 1.09million shares at a market capitalization of 125.85 billion shillings while East […]
November, Monday 2, 2020: Safaricom was the top mover of the day after moving 7.89 million shares at a market capitalization of 1.25 trillion followed by Bamburi Cement with 1.78 million shares at a market capitalization of 8.28 billion shillings. Equity Group moved 1.09million shares at a market capitalization of 125.85 billion shillings while East […]
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 […]
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 […]
Fuel shortage has hit parts of Nairobi, with various filling stations reporting that diesel has been scarce for days. Attendants at fuel stations of leading oil suppliers Ola Energy and Total Kenya yesterday said they had not had diesel for up to two weeks. A continued scarcity of the crucial commodity would deal a blow […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.