KENOLKOBIL ACQUIRES TERMINAL IN LUBUMBASHI DRC.

Just got the release. I hope all these acquisitions are backed by wisdom, proper conclusive research and insight.

and the volumes are strategically trading......

Seems strategic to get storage in countries you operate retail or wholesale fuel business otherwise how do u store fuel imports before you sell?

Happy hunting.

KenolKobil Limited has
signed an agreement with World Oil Congo SPRL to acquire 4,000 m3 Terminal in Lubumbashi, in the Southern Katanga Province of DR. of Congo and by this action, KenolKobil is set to commence its downstream operations in the country.

Ah! Acquisitions in Southern Africa still in the pipeline I'm guessing

There is a looming fuel crises. Today i had to go to three different stations before i could jaza. The KK attendant said "hata hii si ya kukaa"

Wacha iishe, nitatembee, nanitendelea kuwa hivyo hivyo.

''Recently, the firm acquired a new terminal in the Democratic Republic of Congo with a capacity of four million litres.
The firm targets to create storage capacity of up to 70 million litres this year.
Kenol Kobil has also invested significantly in depot facilities in various parts of the country, as well as in Tanzania, Burundi, Uganda and Mozambique. The firm is also building a terminal in Lusaka, Zambia, with capacity to store six million litres of fuel.
Investment in inventories
stretched the firm’s borrowing costs by Sh6 billion to Sh20 billion in the first half of the year compared to the same period last year.''

we've discussed this b4. Anyway, i am yet to meet a Kenyan smart enough like Shingi Mutasa (the Zimbo u don't even know about) to set up a company take it to the AIMS in London and offer 49% succesfully and use that capital to invest in his own country. Anyway, I highly suspect Masawara Plc which holds the former BP assets will buy out (share-swap) the rest of TA.Holdings so I can also be a beneficiary. P.S: Shingi has been Exec. Chair of TA Holdings and majority shareholder since 2000 and since I became a shareholder of TA in 06 he has always been based in Zim so ur sources r off. He only stepped down in 2010 to form Masawara Plc by transferring his majority stake in TA Holdings into Masawara Plc as the primary asset during the IPO on the London AIMS. Good thing KK is still interestd in Zim as the potential is HUGE all they need to do is comply with the laws of the land.

Just what we need - A 'fools rush in' scenario to make the (logical) early birds richer keep waiting

U must be talking of another Delta. The Delta I know (Zim's EABL) has been a consistent winner pre & post 09 both on capital and dividend pay outs. Substantiate ur claims boss.