Vivo Energy Kenya, the retailer of Shell-branded fuel products, recorded a 15 percent drop in revenue for the half-year ended June, weighed down by a depreciating shilling, which has hit multinationals that report local earnings in dollars.
The oil marketer’s parent company, Vivo Energy Group Plc, said the Kenyan unit’s revenue dropped to $785 million in the six months to June, from $924 million in the corresponding period last year.
