This archive report was first published on 6 October 2019.
Published on October 6, 2019, National Oil (Nock), a state-owned fuel marketer, has invited private partners to lease open spaces and buildings within its petrol stations.
This move marks a growing trend among Kenya's oil marketers, who are seeking to diversify their revenue streams and attract a wider clientele.
According to the tender, which expires on October 17, 2019, partners are restricted from running fuel-related businesses, allowing them to focus on non-fuel ventures such as shops, car washes, tyre centres, service centres, and restaurants.
One notable example of this strategy is Nock's expansive space at its Gilgil highway outlet, which has been leased to a major supermarket operator for three years.
“National Oil intends to have its vacant spaces in petrol stations leased to potential business entities for the purpose of running non-fuel businesses,” reads part of the tender.
Other Nock outlets that are open for letting include the Kangundo road (Kamulu), Kenyatta University (Thika), and Nawasco Service Station (Nakuru), which are ideal for branded fast-food operators.
The oil marketer operates about 160 fuel outlets across Kenya, with plans to increase their footprint to 200 by the end of 2020.
