The group's operations span seven countries across Eastern, Central and Southern Africa and encompass the supply, storage, distribution and retail of a wide range of petroleum products.
[2] According to the Petroleum Institute of East Africa's report released in December 2014, KenolKobil was ranked third with 13.9 percent market share behind Total Kenya and Vivo Energy.
The Company started its operations as a wholesaler of packaged Kerosene under the brand name "SAFI".
[5] In 1986, Kenol and Kobil Petroleum Limited, a Delaware registered holding company that acquired Mobil Oil's assets in Kenya and Uganda in 1984,[6] entered into a joint operations and management agreement.
In the same year, the Group completed acquisition of a depot in Lubumbashi, in the Democratic Republic of Congo.
The partners were not able to receive government approval due to the Indigenization Law in Zambabwe.
In May 2012, KenolKobil received a US$800 million takeover bid from Puma Energy, a subsidiary of Swiss Based Trafigura.