Kenya: Vivo Energy, Airtel Money Sign Pan African Partnership
Shell-branded fuels and lubricants distributor Vivo Energy and Airtel Money have partnered in 16 African markets in an African-wide agreement meant to strengthen both companies' footprint.
Vivo Energy will be hoping to gain from Airtel's footprint in the region that has over 27 million registered users and over 250,000 registered users while the telecom will have a platform to operate from in Vivo's 1430 shell branded service stations in 15 countries.
According to the agreement, Shell and Airtel shall collaborate in usage of Shell service stations as Cash In and Cash Out points for Airtel Money customers, Airtel Money will be an accepted mode of payment in all Shell Service Stations and Shell service stations will stock and sell Airtel airtime.
Shell shall also provide float to Airtel money agents in Uganda, Ghana, Burkina Faso, Madagascar and Kenya that have been earmarked among the starting points.