Mount Meru Group has agreed to acquire Vivo Energy’s shareholding in its Rwanda and Malawi businesses, a move expected to bring new investment and strengthen fuel distribution operations in both markets.
The companies announced Monday that they had signed a sale and purchase agreement covering Vivo Energy’s network of more than 40 service stations in Rwanda and more than 50 in Malawi, along with the businesses’ commercial fuel and lubricants operations.
Vivo Energy said it selected Mount Meru Group as a partner with the regional experience and long-term investment plans needed to continue developing the businesses.
Mount Meru, which entered Rwanda in 2007 and Malawi in 2013, has built a presence in fuel distribution across Africa. The acquisition will expand the group’s operations in both countries.
“We are proud to be growing our existing, long-standing presence in Rwanda and Malawi,” Atul Mittal, director of Mount Meru Group, said. “We are committed to investing and growing these businesses and look forward to strengthening relationships with channel partners, customers and employees.”
Stan Mittelman, CEO of Vivo Energy, said the decision was part of the company’s broader strategy to ensure each business in its portfolio has the ownership best positioned to support future growth.
“This decision is not a reflection of how our Rwanda and Malawi businesses have performed,” Mittelman said. “Mount Meru brings deep local and regional expertise and a genuine ambition to invest in these markets.”
The transaction remains subject to regulatory approvals and other closing conditions, with completion expected after the required processes are finalized.
Until the transaction is completed, Vivo Energy Rwanda and Vivo Energy Malawi will continue normal operations, focusing on providing safe, reliable and high-quality services to customers, the companies said.
