Vivo Energy Kenya made $2.6 million (Sh336 million) from the sale of a fuel-linked government bond in January, highlighting a rare gain for an industry that had initially expressed disquiet over being compensated using sovereign securities.
The oil marketer's parent company disclosed that its subsidiary had sold its bond for $101 million (Sh13.01 billion) at the start of this year, enabling it to profit from the security that was floated in May 2023.
