KCB Bank has partnered with Pesapal have to roll out a digital Forecourt Management Solution to over 10,000 fuel dealers across East Africa.
This is in a bid to transform the region’s petroleum retail sector by combining Pesapal’s advanced operational technology with KCB’s innovative financing models. At the heart of the initiative is Pesapal’s integrated digital platform, which streamlines all core functions of a fuel station. This includes managing fuel dispensing, monitoring sales, tracking inventory, processing payments, and handling financial reconciliation.
According to the companies, the technology is designed to solve critical industry problems such as manual errors, inventory shrinkage, and limited access to working capital. A key component of the partnership is linking this real-time operational data to KCB’s financing. As part of the bank’s “Oil and Gas Ecosystem and Value Chain Banking Proposition,” KCB will use the data generated by the Pesapal platform to assess a dealer’s creditworthiness accurately.
This data-driven approach will enable the bank to offer previously inaccessible stock financing and working capital solutions, allowing dealers to operate more efficiently and grow sustainably.
“The rollout of this framework is a clear demonstration of KCB’s commitment to utilizing technology and innovation to provide holistic solutions to our customers in the oil and gas sector,” said Annastacia Kimtai, KCB Bank Kenya Managing Director. “We are going beyond financing to support operational efficiency, sustainability, and growth across the entire oil and gas value chain.”
The partnership seeks to address urgent needs in East Africa’s petroleum sector, which is facing rapid transformation due to evolving regulatory requirements, a growing pressure for operational transparency, and increasing consumer expectations for digital services.
“This partnership represents a transformative moment for East Africa’s petroleum sector,” noted Agosta Liko, Pesapal Founder. “Our Forecourt Management Solution is purpose-built for Africa’s operating environment. Combined with KCB’s nationwide reach and innovative financing approach, we are enabling dealers to modernize operations, eliminate revenue leakage, achieve regulatory compliance, and, for the first time, access growth capital based on verified performance.”