Fuel Shortages Hit Petrol Stations as Kenyan Banks Make Key Appointments

Hello, I am Janeffer. Welcome to today’s edition of The Business Roundup. In this edition, we focus on these four top stories:

Fuel shortage hits Kenya as Shell announces stockouts and Skyward Airlines hikes ticket prices
Collapsed KOKO Networks issues notice to creditors
Bank Appointments: Sidian Poaches John Okulo From KCB
EPRA Lists 20 Companies Controlling Fuel Market in Kenya

Major This Week:

Shell Announces Fuel Stockouts Across Kenya

Not a good time for Kenyan motorists, as several Shell service stations across the country experienced temporary fuel shortages.

In a statement on Thursday, March 26, Vivo Energy said the shortages were caused by a sharp increase in fuel demand, leading to temporary stock‑outs at some of its service stations.

The company, however, stressed that the shortages are temporary.

“We have recently experienced increased demand for our products, which has resulted in temporary stock-outs at some service stations. Our teams are closely monitoring the situation and working continuously to replenish affected sites as quickly as possible,” read part of the statement.

Another Hit for Kenyan Travelers: Skyward Airlines Raises Fares

Kenyan-owned Skyward Airlines announced a fare increase for all passengers, citing rising global fuel prices.

The new charges, which take effect on April 1, 2026, will be applied as a fuel surcharge to all ticket prices.

Current one-way fares range from KSh 6,500 to KSh 9,000 for routes like Nairobi–Mombasa and Nairobi–Ukunda. Flights to Malindi, Eldoret, Kitale, and Migori are priced between KSh 7,500 and KSh 11,000; Lamu fares range from KSh 10,000 to KSh 13,000; while routes to Lodwar are listed between KSh 11,000 and KSh 15,000.

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Bank Appointments: Sidian Poaches John Okulo From KCB

Switching gears, the banking sector has made key appointments.

Well, Sidian Bank has appointed John Okulo as its new Managing Director and Chief Executive Officer, effective May 1, 2026.

In a notice on March 26, Sidian Bank stated that the appointment of John Okulo is subject to regulatory approval.

Here is John Okulo’s CV:

Peter Ng’eno has been appointed as the Director of Corporate Banking at KCB Bank Kenya, effective March 27, 2026, pending regulatory approval.

KOKO Networks Schedules First Creditors’ Meeting

Nairobi-based clean cooking start-up KOKO Networks Limited (in administration) has set its first creditors’ meeting for April 10, 2026.

The meeting will be held virtually, giving creditors a chance to review proposals and validate their claims before voting.

Key Details for Creditors:

Confirm Attendance: By Wednesday, April 8, 2026, to receive login/access details.
Statement of Proposals: Will be circulated to all registered creditors ahead of the meeting.
Missed Your Copy? Request it via email if you haven’t received it by 5:00 PM, Wednesday, April 1, 2026.

KOKO Networks Appoints Administrators, Creditors Given 14-Day Claim Window — A KOKO Networks fuel distribution truck. PHOTO/KOKO Networks

Who Controls the Fuel Market?

Wrapping up on what is major, EPRA this week, listed 20 Companies Controlling Fuel Market in Kenya

ALSO, BIG THIS WEEK:

Two-bedroom apartments and office units in the exclusive 24-storey the Le Mac Tower in Westlands, Nairobi, have been advertised for public auction.
The Kenya Revenue Authority (KRA) has announced a crackdown on taxpayers who declare nil income despite having earned revenue.
The COMESA Competition and Consumer Commission (CCCS) has issued a consumer alert regarding a recall of certain Toyota Land Cruiser LC300 vehicles supplied by Toyota South Africa Motors (TSAM).
World Bank Country Director for Kenya, Qimiao Fan, described Kenya as one of the most attractive investment destinations in Africa.