This archive report was first published on 18 September 2019.
On September 18, 2019, Rubis Energie, the parent company of KenolKobil, announced plans to restructure its 33 petrol stations in Uganda and Rwanda.
The restructuring aims to upgrade the stations to Rubis' standards by improving internal controls, organisational structures, and governance.
The 33 units were initially acquired by KenolKobil from Delta Petroleum before being taken over by Rubis.
According to Rubis' half-year 2019 performance update, the integration of the subsidiaries is underway, with a new management team working to refocus the business on high-margin and visible segments.
KenolKobil had exited the Nairobi Securities Exchange after being taken over by Rubis earlier in the year.
Rubis is a France-based international company specialising in the storage, distribution, and sale of petroleum, liquefied petroleum gas, food, and chemical products.
