Awadh Omar Bayusuf & Sons Limited, is a leading logistics company providing haulage services across the East and Central African countries. In this article, WoK takes a look at the Mombasa based company and the brothers who have steered it to success.
The Directors
According to the company’s website, A.O. Bayusuf Limited was established in July 1993 from Bayasuf Brothers Limited. The brothers who are directors of the company are Hassan Bayusuf, Abdulhalim Bayusuf and Jamal Bayusuf.
Over the years, the company has not diverted from its vision of being a “distinguished regional transport service provider in both petroleum logistics and general cargo.” A.O. Bayusuf & Sons has grown to become one of the largest transport logistics companies in the region.
Services Offered
A.O Bayusuf & Sons Limited is a household name in cargo transport within East and Central Africa.
The company handles various types of cargo including; containerized, loose cargo, fuel and specific cargo transportation like low loaders. It has heavily invested in state of the art equipment for efficiency.
Apart from the three listed directors, Bayusuf has a total workforce of over 550 employees. It has its headquarters in Mombasa, along the Mombasa-Nairobi highway and a branch office in Embakasi, Nairobi.
Success
The company works with high end clients including the Kenya Tea Development Authority (KTDA), Express Kenya limited, DSV, World Vision, China Road & Bridges Corporation, Total, Gulf Energy, World Food Programme (WFP), Catholic Relief Services and National Cereals and Produce Board (NCPB).
Others include Kenya Power and Lighting Company (KPLC), Vivo Energy Kenya, Bollore Africa Logistics, Alpha Logistics, KenGen, KMC and Kenfreight.
A.O. Bayusuf has received a number of awards and recognitions including Best Transporter Certificate by Total, Sopaf Road transport certificate, Kenya Shell Limited award, Vivo Excellence Award, Environment Trust of Kenya Certificate, Shell recognition Certificate, Comprehensive Workplace Programs Partnership award, National Geographic Society Awards, Kenya Red Cross Certificate and Dear Diary Initiatives Kenya certificate among others.
Court Case
In November 2019, A.O. Bayusuf Limited sued ABSA Bank (formerly Barclays Bank) over alleged breach of banker-customer relationship.
The company sought to be paid Ksh 25.9 million by the lender claiming that the money was unlawfully debited from its accounts.
According to Business Daily, the bank in March 2015 offered a conventional asset facility but later the firm asked the bank to convert the loan to meet Islamic finance principles.
The bank converted the Ksh 300 million loan into a Murabaha facility as part of their Islamic La Riba Asset finance product for financing fleet vehicles.
However, the company claimed that the Murabaha facility did not meet the requirement of a Murabaha lending structure as defined in the Islamic Finance Principles.
It further added that the Murabaha facility was not disbursed as agreed and was given Ksh 240 million instead of Ksh 300 million. The company then opted to move its business to another bank and settled the amount outstanding on its loans except for the ‘La Riba’ loan.
The bank had charged and debited its account with an extra Ksh 25 million over and above the outstanding facility as reported by Nation.
