KenolKobil acquires 33 services stations in Rwanda and Uganda

One of Kenya’s leading fuel retailers expands its operations with acquisitions in Rwanda and Uganda.

African retailer KenolKobil Plc has announced that through its wholly owned subsidiaries, Kobil Uganda Limited and Kobil Petroleum Rwanda Limited, they have agreed terms to acquire up to 33 gas stations from Delta Petroleum.

Delta Uganda, a leading oil marketing company in Uganda, has agreed to sell 23 retail outlets spread across Uganda. Delta Rwanda is also in the oil marketing business and has a network comprising of 10 sites Rwanda.

The acquisitions are in line with the company’s growth strategy through organic and inorganic retail network expansion.

Subject to successful conclusion of the transaction, the total retail network of the KenolKobil group will rise to 433 stations, of which 200 stations are in Kenya. Kobil Uganda’s retail outlets will increase to 56 stations while Kobil Rwanda will have 61 stations under its control.