About The Company


KenolKobil, then Kenya Oil Company Limited (abbreviated Kenol), was founded on May 13, 1959 by R S Alexander as a Private limited company. The Company started its operations as a wholesaler of packaged Kerosene under the brand name “SAFI”. The company later began investing in service stations. In September 1959, Kenya Oil Company listed its shares on the Nairobi Securities Exchange making it the first petroleum company to be quoted on the exchange.


The year 1999 marked the beginning of regional expansion. That year, the group acquired a 100% stake of Galana Oil Uganda Limited and renamed it Kobil Uganda Limited. At the point of acquisition, Kobil Uganda owned 19 service stations. In 2001, Kenol expanded into Tanzania through the incorporation of Kobil Tanzania Limited as a wholly owed subsidiary. The group expanded further south in 2002 when it acquired 100% interest in Jovenna Zambia Limited and renamed it Kobil Zambia Limited.


Kenol and Kobil joint operations and management agreement came to an end in 2007 when Kenol acquired 100% of the shares in Kobil Petroleum. This transaction involved allotting 45.5 million shares in exchange for 100% of the issued shares of Kobil. To reflect its status as a merged company, the group’s name was changed from Kenya Oil Company Limited to KenolKobil.


 Year

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 2009

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 2010   

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 2011

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 2012   

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 2013   

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 2014   

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 2015   

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 2016   

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 2017   

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