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Oil marketer Lexo Energy takes Sh1.5bn IFC loan for expansion

JesseMuniu

Lexo Energy Managing Director Jesse Muniu. PHOTO | POOL

By  Victor Juma

Business Editor

Nation Media Group

The International Finance Corporation (IFC) is set to lend $14.2 million (Sh1.5 billion) to Lexo Energy Mauritius to expand its oil marketing business in Kenya and Tanzania.

Lexo, founded in 2017, has acquired 31 and six retail fuel stations in Kenya and Tanzania respectively.

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