A financial services and business solutions provider, Pesapal, and KCB Bank Kenya are offering at least 10,000 fuel stations across East Africa the option to run on Forecourt Management Solution (FMS), which combines “operational technology” with innovative financing models to transform the petroleum retail sector.
Fuel dealers in East Africa have generally failed to efficiently manage functions such as fuel dispensing, sales, inventory tracking, payments, and reconciliation.
It is on the back of this that the roll-out of FMS will provide an integrated digital platform that streamlines fuel dispensing, sales monitoring, inventory tracking, payment processing, and financial reconciliation.
The technology addresses critical pain points that have long constrained the industry, from manual errors and inventory shrinkage to limited access to working capital, while positioning dealers for sustainable growth in an increasingly digital economy.
“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. We are going beyond financing to support operational efficiency, sustainability, and growth across the entire oil and gas value chain,” KCB Bank Kenya Managing Director, Mrs. Annastacia Kimtai, said.
The system will address urgent needs in East Africa’s petroleum sector, which is undergoing rapid transformation driven by evolving regulatory requirements, increasing consumer expectations for digital services, and growing pressure for operational transparency.
According to Pesapal Founder, Agosta Liko, the move will transformative East Africa’s petroleum sector. He says: “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. This is about fundamentally upgrading how the entire fuel ecosystem operates.”
This partnership represents a significant milestone in terms of driving digital transformation across East Africa’s petroleum sector. Much of it supports digitization of value chains, reducing cash dependency, and driving the adoption of sustainable financial solutions that help businesses thrive in a rapidly evolving marketplace.
