Kenya has over 60 oil companies with the dominant players being Vivo Energy, Rubis and Total. Another notable player in this highly competitive sector is Tosha Petroleum company-which is the subject of this article.
WoK brings you the story of Abdisarit Khalif – the man behind the success of Tosha Petroleum Company.
Abdisarit Khalif
Abdisarit Khalif Ali is a renowned Nairobi based businessman and entrepreneur who serves as the Chief Executive Officer (CEO) of Tosha Petroleum Company. He attended Ruiru High School between 1990 to 1993 for his secondary school education before proceeding to the prestigious University of Nairobi where he graduated in 2012 with a Bachelor’s Degree in Accounting and Finance. Prior to establishing Tosha Petroleum Company in August 2014, he served as an Accountant for Kenya Commercial Bank (KCB) from September 1995 to November 2001.
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Tosha Petroleum Company
Tosha Petroleum Company was established in 2003 and started off as a reseller of petroleum products and services to the local and regional market. It became a fully-fledged oil marketing company in 2010 after being licensed by the Energy Regulatory Commission (ERC) to import petroleum products to the local market. On 25th August 2014, the company rebranded to scale up its operation across the promising Eastern Africa market. The official rebranding launch of the company was presided by Garissa Town Member of Parliament Aden Duale who took to social media to applaud the efforts of the company.
“I launched Tosha Petroleum Company. It is a Kenyan Petroleum company that has more than 8 retail outlets and is currently operating in Kenya, Uganda and South Sudan. We need to support Kenyan companies. We thank the board of management led by its CEO Abdisarit Khalif, for the excellent investment they are leading in the petroleum sector,” he wrote on his Facebook wall.
Growth
The company has grown to become a major oil marketer with significant presence in Kenya, Uganda, Rwanda, South Sudan and Democratic Republic of Congo (DRC). Currently, the company supplies over 120 million litres of petroleum products annually to the East African countries. During the rebranding launch of the company, Abdisarit announced that the company would be engaging in an ambitious plan to construct over 30 new service stations across Eastern Africa.
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“We have decided to expand our network from the current 10 service stations to 30 stations within the next three years. This network expansion by all standards is an ambitious endeavor for which we have committed over Ksh 1 billion. We will also strengthen our distribution and continue to invest in a modern fleet of trucks and also launch our branded products such as lubricants and LPG as part of our plan to strengthen the company in the energy sector,” he said.
The company currently owns a 2.5 million liter fuel storage depot in Beni. Democratic Republic of Congo (DRC), operates a chain of petrol stations in various parts of the East African countries and retails its Liquefied Petroleum Gas (LPG) cylinders under the brand name ‘Tosha Gas.’
