Vivo Energy's revenues in the Kenyan market dipped by $233 million (Sh36.49 billion) in the year ended December 2023 as a weakening shilling and depressed demand for fuel hit the oil major.
The multinational says its Kenyan unit booked revenues of $1.557 billion (Sh243.87 billion using the exchange rates at the end of the review period), a drop of 13 percent from the $1.79 billion (Sh221 billion) made in 2022.
