• Money & Markets
Wednesday, August 10, 2022
  • Login
No Result
View All Result
NEWSLETTER
Money & Markets
18 °c
Nairobi
18 ° Fri
18 ° Sat
18 ° Sun
18 ° Mon
  • News
  • Big Read
  • Markets
  • Economy
  • Investing
  • Energy
  • Opinion
  • Africa
  • World
  • News
  • Big Read
  • Markets
  • Economy
  • Investing
  • Energy
  • Opinion
  • Africa
  • World
No Result
View All Result
Money & Markets
No Result
View All Result
Home Headlines

Kenyan billionaire wins Sh790 million Jet Fuel contracts in Uganda, DR Congo

by Editor
June 12, 2020
in Headlines, Energy, Highlights
0 0
0
Kenyan billionaire wins Sh790 million Jet Fuel contracts in Uganda, DR Congo

Billionaire Humphrey Kariuki

0
SHARES
64
VIEWS
Share on FacebookShare on Twitter
Billionaire Humphrey Kariuki

By Gitahi Ngunyi

Kenyan billionaire Humphrey Kariuki has won Sh790 million contracts to supply Jet Fuel in Democratic Republic of Congo and Uganda.

A statement from Kariuki’s oil and gas flagship company, Dalbit Petroleum said the two contracts were secured with World Food Programme (WFP).

“Dalbit has secured two major petroleum products supply contracts with the World Food Programme (WFP) in Gulu, Northern Uganda and Goma, in the Eastern part of the Democratic Republic of Congo (DRC),” said Dalbit in the statement.

The oil firm said the contracts are valued at approximately US$ 6.8 million (Sh680 million) and US$1.1 million (Sh110 million) respectively and that the two tenders were secured following competitive bidding processes.

The contracts will see Dalbit International South Sudan supply Jet fuel to the WFP bases in Gulu and Goma.

In Gulu, the firm has additionally completed the construction of a brand new operating depot with a capacity to hold more than 720,000 litres of Jet A1 products. The firm is additionally building and will operate a depot to world-class standards in Goma to facilitate the smooth execution of the tender. The operations will include a compact refuelling bowser configured to serve various types of aircraft.

The WFP is the world’s largest humanitarian agency fighting hunger worldwide, delivering food assistance in emergencies and working with communities to improve nutrition and build resilience. Each year, WFP assists some 80 million people in around 80 countries.

At the Dalbit Goma depot, engineering works are at an advanced stage to complete the fabrication of two petroleum products holding tanks. Each of them, with a capacity of 1 million litres, will be connected to ancillary infrastructure including a purpose-built fuelling bay with a further two storage tanks for Jet A1 and Gasoil fuels.

The company operates four depots in Juba, Rumbek, Wau and Bor with a storage capacity of over 6 million litres for Gasoil and Jet-A14.

“We are excited that Dalbit has secured the contract to supply WFP in Gulu and Goma and this works well with our commitment to fuelling regional growth across the social and economic development fronts,” said Dalbit International South Sudan Country Business Manager, John Paul Ogondi.  

“In such remote areas, Dalbit is deploying tailor-made solutions including customised product delivery options to enable WFP to meet its humanitarian mandate efficiently and cost-effectively,” said Ogondi

Tags: Dalbit PetroleumWFPWorld Food Programmer
Editor

Editor

Next Post
Adding sexy to saving

Adding sexy to saving

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *




Latest Articles

  • PwC and KBA have released the Kenyan Banking Sector Total Tax Contribution report
  • Fresh Kenyan Avocados sold at the largest fruit market in East China
  • Safaricom unveils ‘Tuinuane’ Brand Campaign.
  • Mozzart Bet to sponsor the national women volleyball team Malkia strikers
  • Mozzart Bet unveils Nandi Road Race sponsorship
  • Shift Towards Domestic Tourism a Game Changer in Post-Covid-19 Recovery
  • Equity Bank has been feted as the Best Bank in Kenya in the 2022
  • Kenya Academy of Sports 2nd International Sports Conference begins in Nairobi
  • Kodris Africa officially unveiled in Kenya as Government adopts new content for teaching coding for schools
  • KCB Shareholders approve Ksh 9.64B  dividend payout.  

TOP SEARCHES

acquisition AfDB Airtel Banks brexit CBK Central Bank Central Bank of Kenya China COVID-19 dividends energy Equity Bank Equity Group Equity Group Holdings Finserve High Court ICT Imperial Bank Insurance interest rates Jambojet Jumia KCB KDIC KenGen Kenya Kenya Airways KRA M-Pesa MD mKey MPesa NSE Patrick Njoroge profit profits Safaricom Safaricom foundation shareholders shares SMEs StarTimes Tanzania Uhuru Kenyatta




  • Money & Markets

© 2020

No Result
View All Result
  • Money & Markets

© 2020

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In