Stabex International Limited became a topic of discussion in October 2024 when it launched aviation fueling stations at Jomo Kenyatta International Airport (JKIA).
Energy CS Opiyo Wandayi and Kenya Airports Authority (KAA) Chairman Caleb Kositany were among the dignitaries who attended the event that was held on October 2nd.
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It is an independent oil marketing company, incorporated in 2009, with a significant presence in East and Central African regions.
The company’s core functions are the marketing of our primary petroleum products and the provision of convenience services via our extensive retail network.
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It is one of the fastest-growing oil marketing companies in East Africa with over 150 retail stations.
Stabex also deals in bulk petroleum products with over 12 depots supplying both commercial consumers and other fuel stations within landlocked countries such as Uganda.
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It specialises in providing energy solutions to industries, corporations, institutions, and communities through the supply of both petroleum products and cooking gas.
The company is ISO certified with ISO 14001:2015 (Environmental management system), ISO 45001:2018 (occupational health and safety management system), and ISO 9001:2015 (quality management system)
Who Owns Stabex
According to the Registrar of Companies, Stabex is owned by three businessmen.
As of July 2021, the company had a nominal share capital of Ksh500 million, comprising 1 million ordinary shares valued at Ksh500 each.
Jackson Kiplimo Chebett, the Company’s chairman, is the largest shareholder with 925,000 ordinary shares.
Abraham Kipkoech Korir, the Director of Projects & Business Development, is ranked second with 50,000 ordinary shares.
Stabex Managing Director Daniel Kiprop Cherutich is the third shareholder with 25,000 shares.
Also Read: Story of the Founder & Current Owner of Rubis Energy Kenya
Other leaders in Kenya include Kiptoo Justus (General Manager), and Kafeero Isaac, the Company Secretary.
Stabex has over 70 retail service stations and eight depots in Kenya and Uganda and sells over 300 million liters of fuel annually.
By the end of 2019, the company increased its annual sales volume to over 300 million liters.
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LPG & Cashless Payment
Besides, the Company rolled out its Liquefied Petroleum Gas (LPG) brand in Kenya and Uganda in 2020.
During this time, LPG usage had an untapped market size of about 83% and 89% in Kenya and Uganda, respectively.
Additionally, Stabex also signed a partnership with Airtel Mobile Commerce Uganda (AMCUL) in October 2024 to boost cashless transactions and enhance digital financial inclusion among Ugandans.
The agreement allows customers to pay for fuel and access other services at any Stabex fuel station in Uganda using Airtel Money.
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