THE country’s largest fuel retailer, Total Zimbabwe, says it will invest more than $10 million in 2015 towards the rebranding and refurbishment of its service stations across the country. OWN CORRESPONDENT
Total, which has 100 service stations dotted around Zimbabwe, is the oldest fuel company operating in the country following the exit of BP & Shell and Caltex.
It dominates a sector that has seen the recent entry of Engen, owned by Malaysia’s State oil firm Petronas, as well as several locally-owned fuel retailers like Redan, Sakunda and Zuva.
Total Zimbabwe managing director Chris Okonmah told Southern Eye Business that their growth strategy next year was to grow network services.
“We have been in Zimbabwe for more than 50 years and we have invested a lot of money. This year we invested $10 million and next year we will spend more than that. We are intending to grow our network services,” Okonmah said.
Total Zimbabwe recently spent more than $4 million on its newly refurbished fuel depot in Bulawayo. The depot has the capacity to hold five million litres at a time.
The Bulawayo depot became the second such investment in Total Zimbabwe’s depots after Harare’s depot in Birmingham Road underwent similar refurbishment between 2009 and 2010.
Refurbishments would be done at the Chiredzi depot. At the official opening of the Bulawayo depot recently, Total executive president for Southern Africa, Christian des Closieres, said the group would continue to invest in Zimbabwe as an expression of its long-term commitment.
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He said even if they are the only ones left, they would continue to see a bright future for the industry and the country as a whole.
“We believe in the people of Zimbabwe whom we have walked a long journey with spanning over 50 years,” Closieres said.
