East African Tosha Petroleum to use US$11.3m for expansion

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Tosha Petroleum, a Kenyan-based petroleum dealer will engage in an ambitious expansion drive to construct extra 30 service stations across Eastern Africa. The plan was unveiled on Monday this week.

Tosha Petroleum also has rebranded. The company’s managing director Mr. Abdisirat Khalif said rebranding was symbolic of the company’s new move to deepen activities in the region. The company has signed up for a 2.5million litre fuel storage depot in Beni DRC

The company started operations in 2003 and has expanded into Uganda, Tanzania, Eastern Congo, Rwanda and South Sudan in addition to Kenya. It distributes an annual capacity of 120 million litres of petroleum in the 6-country network. It deals with wholesale and retail of the commodity too after importation. It also offers gas products.