This archive report was first published on 4 September 2019.
On September 4, 2019, BOC Kenya, an industrial gas manufacturer, announced plans to supply homes with piped cooking gas as part of its revenue growth strategy.
The company, which manufactures and markets industrial and medical gases, sees piped gas to Kenyan homes as a lucrative opportunity.
BOC Kenya's managing director, Marion Mwangi, stated that the firm is exploring solutions for agriculture and water treatment, in addition to piped gas reticulation.
At an investor briefing, Ms. Mwangi said, "We see a lot of opportunity in LPG reticulation. We also see opportunities around water treatment, use of nitrogen for food packaging as well as agriculture."
Despite the potential, BOC Kenya reported a 66.8 percent drop in net profit to Sh19 million in the half year ended June, attributing the decline to higher costs.
The company's six-month revenue was up by 1.65 percent to Sh495.1 million compared to the same period in 2018.
BOC Kenya is not the only company exploring piped gas plans; state-owned oil marketer National Oil recently inked a deal to supply homes in a Nairobi estate owned by the National Housing Corporation by December.
