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Vivo Energy Kenya, the Company that distributes and markets Shell products and services in the country, has entered into a partnership with Rent Works East Africa to acquire 69 state-of-the-art Hyundai Tucson for the Company’s sales teams.
The 48 months’ agreement has brought together various organizations who engineered the deal
to fruition. The organizations are Caetano Kenya who will manage the maintenance of the
vehicles, Stanbic Bank, the financier of the partnership process, and Heritage Insurance the
vehicles insurer.
The handover ceremony, highlighted Hyundai’s resilience and success in navigating the
complex Kenyan automotive landscape. This achievement is particularly noteworthy given the
prevailing market conditions.
The Kenyan car industry is facing various challenges that have led to the decline of new vehicle
sales such as high import duties and taxes which significantly increase the vehicle costs;
aggressive competition from affordable imported second-hand vehicles; restricted access to
affordable vehicle financing that hinders the purchasing power of many potential buyers, and the
frequent changes in government policies, taxation and import regulations that create market
instability.
Caetano Kenya, the authorized Hyundai dealer in Kenya, has successfully delivered 69 units of
the highly anticipated 2025 Hyundai Tucson to RentWorks East Africa and Vivo Energy Kenya.
“Our ability to support large-scale projects such as this one is a testament to the strength and
reach of the Caetano Group” said Aurelien Glay, Managing Director, Caetano Kenya.
“We are proud that despite the current market challenges, we have delivered a fleet that meets the high
standards of a company as respected as Vivo Energy Kenya.” Silvanus Wambua, Fleet Sales Manager at Caetano Kenya reiterated the significance of the occasion for the company.
“This is the biggest fleet deal in Caetano’s history and a resounding stamp of approval of the Hyundai brand in Kenya.” Speaking during the fleet receiving ceremony, Vivo Energy Kenya Managing Director Mr. Peter Murungi appreciated the partnership and expressed his confidence in the quality of the vehicles.
“Today, we are entering into a strong business partnership with a team that has made it possible to access 69 state-of-the-art vehicles, which will support business continuity at Vivo Energy Kenya. The partnership is composed of Rent Works East Africa, through whom we are acquiring the vehicles from for a period 48 months, Caetano Kenya who will manage the maintenance of each of these cars, Stanbic Bank, the financer of the transaction, and Heritage 2 Insurance the vehicles insurer. Vivo Energy Kenya has invested in good vehicles that meet all our Company safety requirements including the installation of OBCs and cameras, all for the safety of our staff.”
This significance milestone marks an ongoing commitment by Rent Works East Africa Limited,
to meeting the transportation needs of businesses and individuals through their high-quality fleet
offerings.
The vehicles are delivered as part of an ongoing partnership to support Vivo Energy’s
operations in Kenya.
“We’re thrilled to expand our partnership with Vivo Energy Kenya and provide them with top-tier vehicles that will drive their success. RentWorks is committed to delivering exceptional equipment leasing services and providing the best-in-class vehicles to meet the diverse needs of our customers,” said Mr. Johan Taljaard, Executive Director of Rent Works East Africa.
“We are proud to have partnered with Caetano Kenya and Stanbic Bank to deliver custom spec, high end, 2025 Hyundai Tucson SUV vehicles that are competitively priced to Vivo Energy Kenya. It has been a positive experience, and we look forward to our continued partnership”, added Ms. Cynthia Abiero – the Commercial Manager at RentWorks.
This landmark deal was financed by Stanbic Bank, a leading Africa-focused financial services organization. Speaking during the handover ceremony, Dr. Joshua Oigara, Stanbic Bank Kenya and South Sudan, Chief Executive said, “At Stanbic Bank, we take a value-based approach to supporting our clients. Leveraging on our expertise, financial capabilities and reach, we are intentional on connecting our clients to the right partners and solutions that meet their needs efficiently and sustainably. This partnership reflects our financial capability and continued focus on building ecosystems that benefit our clients. We are proud to be at the forefront of vehicle asset financing and leasing in Kenya and remain committed to fostering our relationship with all partners for continued growth.”
Heritage Insurance, a leading Insurance Company, affiliated to Liberty Group, will insure the fleet of vehicles,
“At Heritage Insurance, we recognize that vehicles are more than just assets, they drive business success. Our motor private comprehensive insurance empowers our partners, RentWorks EA Ltd and Vivo Energy Kenya to operate with confidence, offering robust protection against unforeseen risks, including accidents, theft, fire, and third-party liabilities. With our reliable coverage, businesses can stay focused on the road ahead.” Said Rosalyn Mugoh, Managing Director of Heritage Insurance, at the handover ceremony.
The 2025 Hyundai Tucson, known for its innovative design, advanced technology, and exceptional performance and was selected by Rent Works East Africa and Vivo Energy Kenya after rigorous evaluation and testing. The partnership further reinforces Hyundai’s position as a leading automotive brand in Kenya, demonstrating its ability to deliver exceptional vehicles and build strong partnerships even in a demanding economic environment.
ion against unforeseen risks, including accidents, theft, fire, and third-party liabilities. With our reliable coverage, businesses can stay focused on the road ahead.” Said Rosalyn Mugoh, Managing Director of Heritage Insurance, at the handover ceremony.