Vivo Energy’s revenues in the Kenyan market dipped by $84 million (Sh10.8 billion) in the year ended December 2024, marking the second consecutive year of a drop pointing to a fall in fuel sales.
Disclosures by the parent company show the oil firm, which is the retailer of Shell-branded fuels and lubricants, booked revenues of $1.47 billion (Sh190.3 billion) in the period, compared to $1.55 billion (Sh243.8 billion) in 2023 using the exchange rates for the relevant reporting periods.
