Page 18 - DMEA Week 13 2021
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DMEA FUELS DMEA
Vivo expands Rwandan
retail network
AFRICA SHELL licensee Vivo Energy has increased its network will definitely grow by 60% to be better
retail fuel network in Rwanda with the acquisi- close to the end users, the final customers, and
tion of service stations and land banks in the East in certain number of locations, in South, in East,
African country from local firms Energy Solu- and also West, and regions where we were not
tion (ENES) and GEMECA Petroleum. fully present to satisfy the customer needs, and
The move will see Vivo’s Rwandan network petroleum needs of our end users.”
increase from 24 to 40 stations, growing its share Attending the signing, Rwanda Develop-
of the local market by 3%. The company markets ment Board (RDB) Deputy CEO, Zephanie
and distributes Engen-branded fuels and lubri- Niyonkuru, said that the transaction, which
cants throughout Rwanda and the new stations was facilitated by the Bank of Kigali (BK) was
are being rebranded to Engen. a “vote of confidence” in the country’s business
Commenting on the deal, Hans Paulsen, environment.
executive vice president of Vivo Energy East and He added: “We are encouraging the business
South said that over the past year, the company’s community to take advantage of other existing
“focus has been on raising the standard of our facilities such as the Rwanda Stock Exchange,”
convenience services, quick shops, car wash suggesting that companies “consider cross-list-
and other facilities”, adding that the ENES and ing on the Rwanda Stock Exchange and raise
GEMECA portfolios had been targeted for the more capital.”
“quality of its staff and assets, its key account Meanwhile, Vivo recently kicked off a part-
customer base, and for the strategic fit with our nership with the local Victoria Motors to install
business”. EV charging points at service stations in align-
Meanwhile, Saibou Coulibaly managing ment with the company’s aim of offering eco-
director of Vivo Energy Rwanda said: “Our retail friendly fuel solutions to customers.
P18 www. NEWSBASE .com Week 13 01•April•2021
