Kenya Commercial Bank (KCB) logo. Photo/ Courtesy.
Pesapal and KCB Bank Kenya have partnered in a region-wide initiative that will digitize operations for more than 10,000 fuel stations across East Africa by introducing advanced digital tools to improve efficiency, transparency, and access to financing in the petroleum retail sector.
The integrated platform automates key processes such as fuel dispensing, sales tracking, inventory management, payment processing, and reconciliation. By eliminating manual errors, reducing revenue leakage, and improving operational oversight.
Through access to real-time operational data generated by the Pesapal system, the bank will be able to assess creditworthiness more accurately and extend tailored stock financing and working capital facilities to fuel dealers.
KCB Bank Kenya Managing Director, Mrs. Annastacia Kimtai, described the rollout as a milestone in leveraging digital tools to support sector-wide transformation.
“The rollout of this framework is a clear demonstration of KCB’s commitment to utilizing technology and innovation to provide holistic solutions to our customers in the oil and gas sector,” read the statement.
“We are going beyond financing to support operational efficiency, sustainability, and growth across the entire oil and gas value chain,” she added.
The seamless adoption of the new system is expected to help fuel retailers navigate an environment shaped by evolving regulations, rising consumer expectations for digital service delivery, and increased demand for transparency in fuel operations.
Pesapal Founder, Agosta Liko, emphasized the significance of the partnership in redefining how fuel dealers operate across the region.
“This partnership represents a transformative moment for East Africa’s petroleum sector,” Agosta Like said.
“Our Forecourt Management Solution is purpose-built for Africa’s operating environment. Combined with KCB’s nationwide reach and innovative financing approach, we are enabling dealers to modernize operations, eliminate revenue leakage, achieve regulatory compliance, and, for the first time, access growth capital based on verified performance.” Agosta added.
