KenolKobil snaps up BP’s assets in five African states

Recently, KenolKobil embarked on an aggressive expansion programme that has seen it gain command in several regional markets.

For instance, last year the company set up shop in Burundi in a 100 per cent take over of top oil marketer Oil Burundi SA, previously owned by Engen International Holdings — the largest brand in South Africa and which belongs to Malaysian multinational Petronas.

The deal could provide KenolKobil with a reliable fuel supply chain from Durban where Engen runs a refinery.

Kobil Burundi SA is the seventh member in the KenolKobil group of companies, a position that has seen the parent firm have a presence in all member countries of the East Africa Community.