KCB Partners With Pesapal To Digitize Fuel Station Operations In East Africa

Pesapal, a well-known financial services and business solutions provider, has teamed up with KCB Bank Kenya to bring major changes to how fuel stations work across East Africa. This partnership is set to transform fuel station operations by introducing digital tools that make everything run smoother and smarter.

Together, KCB and Pesapal will introduce the Pesapal Forecourt Management Solution to more than 10,000 fuel dealers across the region. This innovative system is an all-in-one digital platform that helps fuel stations manage everything from dispensing fuel and tracking sales to keeping an eye on inventory and handling payments. It even helps with financial reconciliation, making sure the numbers add up quickly and accurately. This is a big deal because it tackles problems that have long caused headaches in the fuel industry, like mistakes from manual handling, lost inventory, and difficulties getting the right kind of financing.

Agosta Liko, Pesapal’s founder, shared that they’ve spent years building expertise in digitizing the fuel industry. They’ve worked closely with oil marketing companies, fleet operators, and dealers to fully understand the challenges they face. This deep knowledge, combined with KCB’s wide network and commitment to providing smart financing options, means the technology will help fuel dealers modernize how they run their stations. Dealers will be able to stop losing money through errors, follow government rules more easily, and for the first time, get working capital to grow their businesses based on real, verified data.

KCB to digitize fuel station in East Africa

One of the most exciting parts of this partnership is how KCB will use real-time data from Pesapal’s platform to offer better financial support. Instead of relying on traditional methods that can be slow and uncertain, KCB will assess the fuel dealers’ creditworthiness using actual performance information. This means dealers can receive stock financing and working capital loans in a smarter, data-driven way. It’s an example of how banks and fintechs can work together to uplift businesses in Africa’s petroleum sector.

Annastacia Kimtai, Managing Director at KCB Bank Kenya, emphasized that rolling out this digital system shows their strong commitment to using technology and innovation to come up with all-around solutions for customers in the oil and gas industry. She explained that KCB is not just about offering financing but also about helping fuel stations boost operational efficiency, keep things sustainable, and grow their businesses throughout the whole oil and gas value chain.

East Africa’s petroleum sector is going through fast changes. New government rules, customers wanting more digital services, and the push for clear, transparent operations are all shaping the future of the industry. With KCB to digitize fuel station operations in East Africa, the industry is ready to catch up with this digital wave. This partnership with Pesapal aims to make fuel stations more efficient, trustworthy, and ready for growth.

KCB’s move to digitize fuel stations in East Africa through this partnership with Pesapal is set to revolutionize how fuel dealers operate. It will bring the much-needed modernization, financial access, and transparency that the petroleum sector in the region has long needed.

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