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Monday, March 20, 2017
KenolKobil will open at least 30 new service stations this year to boost sales volumes. The Kenyan retailer and marketer is looking to drive up volumes and focus on margins.
“The story has not changed,” David Ohana, the group’s chief executive was quoted by Reuters as saying.
25 of KenolKobil’s new stations will be in Kenya, where it already has 200 service stations. The company also operates in Ethiopia, Uganda, Rwanda, Burundi and Zambia.
While the company does not plan on emerging into new markets any time soon, Ohana did tell Reuters that South Africa was a market it would be “happy to venture into” in the future.
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