Vivo Energy Kenya, the Company that distributes and markets
Shell products and services in the country, has entered into a partnership with
RentWorks East Africa to acquire 69 state-of-the-art Hyundai Tucson for the
Company’s sales teams.
The 48-month agreement has brought together various
organizations who engineered the deal to fruition.
The organizations are Caetano Kenya, which will manage the
maintenance of the vehicles, Stanbic Bank, the financer of the partnership
process, and Heritage Insurance, the vehicles insurer.
Caetano Kenya, the authorized Hyundai dealer in Kenya, delivered
69 units of 2025 Hyundai Tucson to RentWorks East Africa and Vivo Energy Kenya.
“Our ability to support large-scale projects such as this
one is a testament to the strength and reach of the Caetano Group," said
Aurelien Glay, Managing Director, Caetano Kenya
"We are proud that despite the current market
challenges, we have delivered."
Speaking during the fleet receiving ceremony, Vivo Energy
Kenya Managing Director Peter Murungi appreciated the partnership and expressed
his confidence in the quality of the vehicles.
“We are entering into
a strong business partnership with a team that has made it possible to access
69 state-of-the-art vehicles, which will support business continuity at Vivo
Energy Kenya. These vehicles meet all our Company safety requirements including
the installation of OBCs and cameras, all for the safety of our staff,” Murungi
said.
The Kenyan car industry is facing various challenges that
have led to the decline of new vehicle sales.
The challenges include high import duties and taxes, which
significantly increase the vehicle costs; aggressive competition from
affordable imported second-hand vehicles; restricted access to affordable
vehicles; and the frequent changes in government policies, taxation and import
regulations that create market instability.
“We’re thrilled to
expand our partnership with Vivo Energy Kenya and provide them with top-tier
vehicles that will drive their success. RentWorks is committed to delivering
exceptional equipment leasing services and providing the best-in-class vehicles
to meet the diverse needs of our customers,” said Johan Taljaard, Executive
Director of Rent Works East Africa.
Speaking during the handover ceremony, Dr. Joshua Oigara,
Stanbic Bank Kenya and South Sudan, Chief Executive, said:
“Leveraging on our
expertise, financial capabilities and reach, we are intentional on connecting
our clients to the right partners and solutions that meet their needs
efficiently and sustainably. This partnership reflects our financial capability
and continued focus on building ecosystems that benefit our clients.”
Rosalyn Mugoh, Managing Director of Heritage Insurance,
during the handover ceremony, said:
“We recognize that vehicles are more than just assets; they
drive business success. Our private motor comprehensive insurance empowers our
partners, RentWorks EA Ltd and Vivo Energy Kenya, to operate with confidence,
offering robust protection against unforeseen risks, including accidents,
theft, fire, and third-party liabilities.”
The 2025 Hyundai Tucson, known for its innovative design,
advanced technology, and exceptional performance, was selected after
rigorous evaluation and testing.
