Dorothy Tarimo- Head of Business Solutions-Pesapal, Agosta Liko-Founder Pesapal, Annastacia Kimtai, KCB Bank Kenya managing director and Euster Seghete, Head of Ecosystems & Value chain Banking at KCB Bank Kenya./HANDOUT
Pesapal, a financial services and business solutions provider, has partnered with KCB Bank Kenya to transform fuel station operations across East Africa.
The collaboration will see the two entities roll-out the Pesapal advanced Forecourt Management Solution to over 10,000 fuel dealers in the region.
The Forecourt Management Solution provides an integrated digital platform that streamlines fuel dispensing, sales monitoring, inventory tracking, payment processing and financial reconciliation.
The technology addresses critical pain points that have long constrained the industry, from manual errors and inventory shrinkage to limited access to working capital.
“Pesapal has spent years developing deep expertise in fuel industry digitization, working closely with oil marketing companies, fleet operators, and dealers to understand their unique challenges,” said Pesapal founder, Agosta Liko.
“Combined with KCB’s nationwide reach and innovative financing, our technology will enable dealers to modernize operations, eliminate revenue leakage, achieve regulatory compliance, and, for the first time, access growth capital based on verified performance,” he said.
By leveraging the real-time performance data generated through Pesapal’s platform, KCB will be able to accurately assess creditworthiness and offer stock financing and working capital solutions to fuel dealers.
This data-driven approach to lending represents a fundamental shift in how financial institutions in partnership with Fintechs can support businesses in Africa’s petroleum sector.
“The rollout of this framework is a clear demonstration of our commitment to utilizing technology and innovation to provide holistic solutions to our customers in the oil and gas sector,” said KCB Bank Kenya managing Director, Annastacia Kimtai.
“We are going beyond financing to support operational efficiency, sustainability, and growth across the entire oil and gas value chain,” she said.
The adoption of the system will address urgent needs in East Africa’s petroleum sector, which is undergoing rapid transformation driven by evolving regulatory requirements, increasing consumer expectations for digital services, and growing pressure for operational transparency.