Sigh... finally my Real + Fantasey portfolio can get moving... LOL...
[I do not really care coz I see huge regional expansion by 2013]
- KK is huge in Ethiopia (80 stations) but low margins. A gradual liberalization is in the books. Plus KK sells more than fuel in Ethiopia. These other items e.g. lubricants, oil are very profitable.
- Rwanda & Burundi is KK's base into DRC. KK acquired new capacity (depots) in Burundi & Rwanda.
- KK has not flexed its muscles in Tanzania but there may be a relationship with local firm to enhance regional supplies.
- KK has a relationship with ENGEN which is a Malaysian owned firm in South Africa. KK mentioned Mozambique remains a market they want in on.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett