Vivo Energy Uganda is a subsidiary of Vivo Energy Investments BV, which markets and distributes Shell petroleum products in Africa. It launched its Uganda operations in 2013 as a licensee of the Shell brand. The petroleum company markets and distributes Shell branded commercial fuels and lubricants, liquefied petroleum and gas for mining, aviation, marine, and motor vehicle purposes. Vivo Energy is also the sole lubricants supplier to Uganda’s thermal power generation plants.
Vivo Energy took over Shell’s business in Uganda in 2013 after the latter exited Africa to focus on upstream operations. In April 2017, Shell completed the sale of its 20% stake in the Amsterdam-based company to Vitol Group for $250 million. Vitol Group, a Dutch firm, has a 60% stake in the venture while Helios Investment Partners – an African private investment firm – owns the remaining stake.
Shell has a 20% stake in Vivo Energy Investments while Vitol Group, a Dutch firm, and Helios Investment Partners – an African private investment firm – have 40% stakes each.
The company has 111 permanent employees in Uganda, while an estimated 3000 people are employed indirectly at its 129 service stations across the country.
*Total Tax Contribution: Shs15.59 billion
Gilbert Assi: Managing Director
Jean Mugisha: Marketing Manager
Juliet Mpiima: Human Resources Manager
Updated: 31 May, 2017