Vivo Energy to cement dominance with Lexo deal

vivo

Shell Petrol Station at Ruaraka. FILE PHOTO | DIANA NGILA | NMG

Vivo Energy, the retailer of Shell-branded products, has secured a retail agreement with Dutch-owned Lexo Energy that promises to strengthen its dominance of Kenya’s oil market.

Vivo is already rebranding 15 stations owned by Lexo Energy, saying that the two are just entering into a ‘retail supply agreement’, as the former downplayed talk of a possible acquisition.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.