Vivo Energy sees $250 million in investments over the next three years

Vivo Energy, which holds a Shell franchise over 16 African markets and which was created in 2011, sees a total of $250 million in investments during the next three years, according to a company statement released in mid-June.

The company operates 1,500 service stations in all its markets. Other activities besides vehicle retail and lubricants include also commercial fuels for marine, mining and aviation activities. It employs about 2,100 people.

“The vision of Vivo Energy is to become the most respected African energy company,” the company said.

Vitol and Helios have each 40% of Vivo Energy while Shell keeps a 20% stake.

Vivo Lubricants belongs 50% to Shell while the other 50% belongs to Vitol and Helios. Vivo Energy operates a total of about 1,500 stations in all its African markets.