Kenya’s Lexo Energy Secures USD 14 Mn Loan From IFC

Lexo Energy, one of the leading fuel retailers in East Africa, has secured a USD 14 Mn loan from the International Finance Corporation (IFC) to help it gradually install electric vehicle charging stations in Kenya and Tanzania. In addition to financial assistance, IFC plans to provide Lexo energy with technical assistance for greening projects and environmental, health, and social best practices.

Lexo Energy  involved in the distribution of diesel and petrol through its network of 33 retail fuel stations in Kenya and 7 stations in Tanzania. The company provides fuel, lubricants, tire repair, and other services to travelers, ensuring that they have access to high-quality products and attentive care.