Puma to invest US$30m for retail expansion

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Itai Ndongwe

Puma Energy Zimbabwe has set aside US$30 million to invest in the Zimbabwean market over the next three years, with the funds going towards expanding its retail fuel network and storage facilities.

Puma Energy Zimbabwe’s commitment to the country, General Manager, Donatien Kodog, said: ” We are extremely confident about the future of Puma Energy Zimbabwe. This is evident in our plans to invest US$30 million in the country over the next three years to increase our storage capacity, open new service stations and introduce alternative energies such as LPG gas and solar solutions to the market.”

He added, “We are also committed to working with our industry partners and relevant regulatory authorities on the consistency of supply in Zimbabwe.”

The company operates storage facilities at international airports in Victoria Falls and Bulawayo, and work is underway to enhance infrastructure and expand storage capacity at its Harare location.

This comes as the company reaffirmed its commitment to Zimbabwe through strategic partnerships aimed at improving customer service, safety, and convenience. Additionally, resources will be directed towards the development of renewable energy solutions, as well as investments in local talent and communities.

In anticipation of an increase in domestic fuel and energy consumption, the firm intends to enhance its collaborative efforts with industry partners and regulatory agencies in order to contribute to the maintenance of a consistent and dependable supply chain in Zimbabwe.

As part of its effort to use clean renewable energy, nineteen retail fuel stations in Zimbabwe will be solarized next year. Drawing on its expertise gained from installing clean energy at 3,000 Puma Energy service stations worldwide, the organisation is actively engaged in delivering clean energy solutions to clients and gearing up for a just energy transition, including assisting them in their decarbonisation journey.

This complements the company’s zero-harm focus on third-party trucker training and the deployment of in-vehicle monitoring systems (IVMS) to detect and monitor driver behaviour in order to minimise exposure and mitigate accidents. Puma Energy’s HSSE processes include performing periodic fleet inspections, monitoring fleet age, and adopting stringent preventive maintenance procedures.

Additionally, regular and systematic condition checks are performed at retail filling stations to guarantee optimal operational standards.

Other initiatives include the launch of a new digitalized fleet card for efficient fuel purchase administration, as well as the deployment of LPG petrol kiosks and lube bays, all of which are intended to fulfil the market’s diversified needs.

Further efforts include the launch of a new digitalized fleet card for efficient fuel purchase administration, as well as the deployment of LPG petrol kiosks and lube bays, all of which are intended to fulfil the market’s diversified needs.

The projected investment by Puma Energy Zimbabwe builds on the company’s current investments in aviation, retail, and storage facilities, as well as its 10-year history in Zimbabwe.

 

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