By Our Reporter
Total’s May 2016 acquisition of Gulf Africa Petroleum Corporation’s (GAPCO) assets in Kenya, Uganda and Tanzania closed on March 28th 2017. The principal assets being acquired are two logistics terminals, in Mombasa, Kenya and Dar es Salaam, Tanzania, as well as a retail network of more than a hundred service stations.
In combination with its existing operations in Kenya, Uganda and Tanzania, these assets are expected to strengthen Total’s logistics in the region and significantly accelerate the growth of its retail network there, especially in Tanzania. As elsewhere in Africa, where Total is the leading marketer, each station will become a community hub known for its closeness to all customers and meeting mobility and transportation needs.
The priority now is to begin merging GAPCO’s assets and operations with Total’s in the three countries and to foster business and synergies. The highly professional, skilled and engaged teams at both companies will ensure the transaction is a success.
Nyambura is a senior journalist based in Kampala