Sign in Join
  • News
  • Technology
    • Gadgets
  • Executive Corner
  • Lifestyle
  • Main Story
  • Farming
Sign in
Welcome!Log into your account
Forgot your password?
Sign up
Welcome!Register for an account
A password will be e-mailed to you.
Password recovery
Recover your password
Search
Wednesday, July 16, 2025
  • Sign in / Join
  • News
  • Technology
    • Gadgets
  • Executive Corner
  • Lifestyle
  • Main Story
  • Farming
Sign in
Welcome! Log into your account
Forgot your password? Get help
Create an account
Create an account
Welcome! Register for an account
A password will be e-mailed to you.
Password recovery
Recover your password
A password will be e-mailed to you.

Business Insights Africa Magazine

  • News
  • Technology
    • Gadgets
  • Executive Corner
  • Lifestyle
  • Main Story
  • Farming
From-Left-EABL-Officials-Sammy-Gichiru-Valentines-Wambui-Anne-Joy-Michira-and-Rachel-Wariko-
News

Tusker Oktobafest Enters Its Third Weekend of the Ultimate Beer and...

Staff Writer - October 31, 2024
0
News

Africa toasts with Moët & Chandon in celebration of Champagne Day

Staff Writer - October 31, 2024
0
Head of Private and Personal Banking, Stanbic Bank Kenya, Abraham Ongenge (Left) and Senior Vice President and Country Manager for East Africa and Indian Ocean Islands, Mastercard, Shehryar Ali (Right) during the official launch of the Stanbic World and Stanbic World Elite Premium metallic cards in partnership with Mastercard.
News

STANBIC BANK AND MASTERCARD INTRODUCE ELITE CARDS WITH PREMIUM TRAVEL, LIFESTYLE...

Staff Writer - October 29, 2024
0
News

I&M Bank Extends Partnership with Backbase to Drive Digital Transformation and...

Staff Writer - October 29, 2024
0
News

MSK 2024 Annual Gala Awards Entry Period Closing Soon

Staff Writer - October 29, 2024
0
From left Chris and Frank Kenya Cane Mixologists
News

Kenya Cane Hosts a Spectacular True Kenyan Fest in Kakamega

Staff Writer - October 24, 2024
0
News

Moody’s Affirms the East African Development Bank’s (EADB) Investment Grade Rating

Staff Writer - October 24, 2024
0
News

I&M BANK EXPANDS BRANCH FOOTPRINT WITH FIVE NEW BRANCHES

Staff Writer - October 22, 2024
0
TRusker lite, october fest, kenya, businessinsights kenya
News

TUSKER LITE UNVEILS NEW CAMPAIGN WITH A REFRESHED PACK DESIGN

Staff Writer - October 18, 2024
0
News

Oktobafest Kicks Off Regional Activations in Nairobi and Eldoret This Weekend

Staff Writer - October 18, 2024
0
1...151617...189Page 16 of 189
- Advertisement -

MOST POPULAR

Cash for shelter programme empowers refugees and their hosts in Kenya

August 28, 2019

Kaspersky Records Over 2 Million Phishing Attacks in South Africa, Kenya...

September 14, 2021
The National Oil Corporation of Kenya Ltd (NOC) has entered into a strategic partnership with RUBiS Energy Kenya, marking a significant milestone in the enhancement of Kenya's oil and gas sector. This collaboration follows the successful completion of the Specially Permitted Procurement Procedure (SPPP) for a non-equity strategic partner, in compliance with the Public Procurement and Asset Disposal Act, 2015 (PPADA). During the signing of the agreement, Hon. Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, expressed enthusiasm about the partnership, stating, "This collaboration marks a transformative step in strengthening the National Oil Corporation of Kenya, enhancing its capacity and creating long-term value for the citizens of this great republic. With this renewed profitability, the Corporation will be well-positioned to generate returns and, in the future, begin paying dividends to its shareholder." Leparan Ole Morintat, CEO & Managing Director of NOC, highlighted the industry's challenges, noting, " “This sector is highly complex and capital-intensive, requiring substantial investment and operational flexibility to stay competitive. Given the significant demand for government resources, securing shareholder capital injection was not feasible. As a result, NOC sought a non-equity strategic partner to provide the financial support and technical expertise needed to revitalize the company and restore profitability. This process, initiated in 2019, has now culminated in the selection of RUBiS Energy Kenya as our non-equity strategic partner.” The partnership is a key component of NOC’s broader turnaround strategy, which aims to scale up its downstream operations and strengthen its position in the petroleum products trading and marketing space. NOC’s turnaround plan is designed to ensure security of petroleum supply, stabilize fuel prices, and reduce the cost of living and doing business in Kenya. The partnership will also aid in clearing legacy debts and improving financial sustainability. As a non-equity strategic partner, RUBiS Energy Kenya will provide financial support, working capital financing, market development initiatives, and capital expenditure (CAPEX) financing for rebranding, rehabilitation, and expansion of NOC’s retail network. The partnership also encompasses training, capacity building, skills transfer for NOC staff, the deployment of a new Enterprise Resource Planning (ERP) system to improve business processes and customer experience, and collaboration in the fuel card business to enhance customer engagement and service delivery. Olivier Sabrié, CEO of RUBiS Energie East Africa and Managing Director of RUBiS Energy Kenya, emphasized the importance of strategic partnerships, stating, “In today’s dynamic market environment, collaborations are key to driving growth and success. By leveraging diverse expertise, resources, and networks, we can create a competitive edge and generate value for all stakeholders involved. RUBiS Energy Kenya is committed to supporting the Corporation through working capital financing, management and branding support, and transferring critical capabilities and skills to the National Oil team.”

NATIONAL OIL CORPORATION ANNOUNCES RUBIS ENERGY KENYA AS THE NON-EQUITY STRATEGIC...

March 26, 2025

Nestlé, Unilever, Coca Cola and Diageo double-down on recycling myth across...

March 28, 2019
Load more

HOT NEWS

News

Tusker Grill Masters at K1 Club House

Technology

ITEX GLOBAL, Expand North Star 2023 centre world’s attention on booming...

Gadgets

First sign language banking app set to be launched

News

Kenya’s residential market booms: opportunities and challenges ahead

ABOUT US
//About us Content
Contact us: info@hustlemag.co.ke
FOLLOW US
  • Disclaimer
  • Privacy
  • Advertisement
  • Contact Us
© 2018. Designed and created by Paul Mbure