NAIROBI, March 14, 2025 – Vivo Energy Kenya has partnered with RentWorks East Africa to acquire 69 Hyundai Tucson vehicles for its sales teams, enhancing mobility and operational efficiency.
The 48-month agreement brings together key partners: Caetano Kenya for vehicle maintenance, Stanbic Bank as the financier, and Heritage Insurance as the insurer.
The fleet handover ceremony underscored Hyundai’s growing presence in Kenya’s automotive market despite industry challenges such as high import duties, financing limitations, and competition from second-hand vehicles.
Vivo Energy Kenya MD Peter Murungi expressed confidence in the partnership, highlighting the vehicles’ compliance with company safety standards.
“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 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,” Murungi stated.
RentWorks EA Executive Director Johan Taljaard emphasized their commitment to delivering high-quality fleet solutions, while Stanbic Bank CEO Dr. Joshua Oigara reaffirmed the bank’s role in facilitating asset financing.
“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 Taljaard,
Heritage Insurance MD Rosalyn Mugoh noted the importance of comprehensive coverage in ensuring business continuity.
The deal further cements Hyundai’s standing in Kenya’s automotive sector, reinforcing its reputation for innovation, technology, and reliability.
