Operating in 23 African countries, Vivo Energy entered Rwanda’s market in 2019.
Two years after acquisition of ENGEN, the company has also acquired two more fuel marketers bringing the number of locally owned stations to 40.
Vivo Energy Executive vice president of East Southern Africa region, Hans Paulsen revealed that the company seeks to take the lead on African continent.
“2020 was a tough year but Vivo managed to expand activities by 14%. The acquisition of these companies increased our operations by 16% which evidences that we are thirsty for continued expansion, becoming the first or second fuel marketing company. This is what we want to do in Rwanda to make sure our clients are receiving better services,” he said.
“We would like to tell our customers that they are number one with us. Acquiring these companies helps us to maintain growth, stay closer to customers and meet their demands,” he added.
Vivo Energy has also launched electric vehicle charging station at the existing Engen petrol station in Kanogo adding up to Rwanda’s efforts of reducing carbon emissions.
The station fills the car’s battery in 15 minutes and can move up to 80 kilometers.
The Deputy CEO of Rwanda development Board (RDB), Zephanie Niyonkuru commended Vivo Energy for being a good partner with the Government of Rwanda.
“We are delighted to hear about the introduction of electric charging station. Rwanda is expending much effort to embrace electric car charging system. We are still looking for solutions including the launch of electric cars and motorbikes. Vivo Energy is joining us along the development journey and we look forward to more fruitful cooperation ahead,” he said.
Vivo Energy entered Rwanda’s market in 2019, after acquisition of over 240 petrol stations. It has expanded footprints operating under ENGEN or Shell brands in 23 African countries since it was established ten years ago.
Vivo also partnered with ‘Fast Food’, Kentucky Fried Chicken (KFC) to launch shops at its petrol stations.