Vivo Energy launches lease financing program for dealers in Kenya
The initiative in partnership with Absa Bank will help Shell service station operators secure long-term site leases through upfront financing while maintaining working capital for day-to-day business operations.
Absa Bank Kenya and Vivo Energy have partnered to introduce a financing framework aimed at supporting Shell service station dealers across Kenya.
The program is designed to help dealers secure long-term site leases through upfront lease payments, reducing the need to tie up capital that can instead be used for operational requirements and business expansion.
According to the companies, the initiative is intended to provide greater financial flexibility for service station operators while improving certainty around site occupancy and future planning. The financing solution targets dealers within Vivo Energy's Shell retail network, which comprises approximately 350 service stations across Kenya.
The partners said the framework could help retailers secure strategic locations and support continued investment in their businesses. By covering lease-related costs, dealers may be able to preserve cash flow for activities such as inventory management, site improvements and growth initiatives.
