Oil marketing company Hashi Empex has bought an oil terminal in Mombasa, Kenya, formerly owned by Agip.
The firm bought the 20 million litre terminal at a cost of Sh800 million (7.8 million) as part of its strategic business growth plans.
We anticipate that we will handle huge consignments of oil products to service our businesses locally and the Great Lakes region and need adequate storage facilities, Ahmed Hashi, CEO of Hashi Empex, comments.
In addition to the oil terminal investment, the firm has also signalled intentions to roll out service stations in all major urban centres in Kenya.
Hashi Empex is involved in the export business from Kenya to other countries like Rwanda and Uganda.