Vivo Energy has recorded a Ksh25.96 billion revenue jump in the six months ended June 2022, brought about by an increase in fuel consumption.
As a result, the group has posted Ksh110.55 billion in revenues in the first half of the year, which is a 30.6 percent jump from the previous Ksh84.59 billion in a similar period in 2021.
Operating in 23 countries in North, West, East and Southern Africa, Vivo Energy has a vast network of over 2400 service stations and with the recent rise in revenues, Vivo Energy Kenya has managed to cement itself as the biggest African market for shell-branded fuel products beating Senegal and Morocco.
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As of March, Vivo Energy Kenya held a 26.52 per cent share of the local petroleum sales market. As part of its expansion plans, the company hopes to open 20 fuel stations nationwide by the end of the year.
A litre of super retailed at Ksh159.12 in June from Ksh127.14 in the same month last year in Nairobi while that of diesel sold at Ksh140 from Ksh107.66 in the period.
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