The Owners of Stabex International have built the company into one of East Africa’s fastest-growing oil marketing brands, with a footprint spanning Kenya, Uganda, and other landlocked countries. Incorporated in 2009, Stabex International Limited has over 150 retail stations, 12 depots, and supplies both petroleum products and cooking gas across the region.
The company made headlines in October 2024 when it launched aviation fueling stations at Jomo Kenyatta International Airport (JKIA), an event graced by Energy CS Opiyo Wandayi and Kenya Airports Authority Chairman Caleb Kositany. Its operations focus on marketing petroleum products, bulk supply to commercial consumers, and providing convenience services through its retail network.
Stabex also supplies energy solutions to industries, corporations, institutions, and communities. It is ISO certified under ISO 14001:2015 (Environmental Management), ISO 45001:2018 (Occupational Health & Safety), and ISO 9001:2015 (Quality Management).
Shareholding Structure
According to the Registrar of Companies (as of July 2021), Stabex had a nominal share capital of Ksh500 million, comprising 1 million ordinary shares valued at Ksh500 each. The company is privately owned by three key shareholders:
- Jackson Kiplimo Chebett – Chairman and largest shareholder with 925,000 ordinary shares.
- Abraham Kipkoech Korir – Director of Projects & Business Development, holding 50,000 ordinary shares.
- Daniel Kiprop Cherutich – Managing Director, holding 25,000 ordinary shares.
In addition to the shareholders, the leadership team includes Kiptoo Justus (General Manager) and Kafeero Isaac (Company Secretary).
Operations and Expansion
Stabex operates over 70 retail service stations and eight depots in Kenya and Uganda, selling more than 300 million liters of fuel annually. By the end of 2019, the company had already surpassed the 300-million-liter sales milestone.
In 2020, Stabex launched its Liquefied Petroleum Gas (LPG) brand in Kenya and Uganda, targeting an untapped market where LPG usage was below 20%. In October 2024, the company partnered with Airtel Mobile Commerce Uganda (AMCUL) to enable cashless fuel payments and promote digital financial inclusion via Airtel Money at all Stabex fuel stations in Uganda.
From aviation fueling at JKIA to LPG distribution and digital payment innovations, the owners of Stabex International continue to expand the company’s reach and influence in the East and Central African energy sector.
