KCB has announced a new partnership with Pesapal to roll out an advanced digital forecourt management system to fuel dealers across East Africa.
Pesapal will now deploy Forecourt Management Solution, its integrated platform that digitizes fuel dispensing, sales monitoring, inventory management, payment processing and financial reconciliation. The system is designed to address some of the inefficiencies in the petroleum retail sector. These include manual errors, inventory losses, revenue leakage and in some cases limited working capital.
The new rollout arrives just days after KCB Group disclosed plans to acquire a minority stake in Pesapal, a move announced on October 31 through a notice approved by the Capital Markets Authority (CMA). The transaction is pending regulatory approval from the Central Bank of Kenya and other authorities and is expected to support the development of innovative payment and merchant solutions for Kenya’s small and micro enterprises.
Pesapal is a major player in Africa’s digital payments space. It offers online and in-store merchant services, point-of-sale systems and integrated business solutions. The company recently partnered with RACK to launch a fully integrated POS system targeting SMEs to help digitize sales, payments, inventory, tax compliance and customer management.
Under the fuel digitization initiative, real-time operational data collected through Pesapal’s platform will allow KCB to assess creditworthiness and extend stock financing and working capital solutions to fuel station operators. The data-driven lending model represents a significant shift in how banks collaborate with fintechs to support businesses in Africa’s petroleum sector.
KCB Bank Kenya Managing Director Annastacia Kimtai said the solution goes beyond traditional financing. “We are going beyond financing to support operational efficiency, sustainability and growth across the entire oil and gas value chain,” she noted.
Pesapal Founder Agosta Liko said, “This partnership represents a transformative moment for East Africa’s petroleum sector. Combined with KCB’s nationwide reach and innovative financing approach, we are enabling dealers to modernize operations, eliminate revenue leakage, achieve regulatory compliance, and access growth capital based on verified performance.”
For these and more stories, follow us on X (Formerly Twitter), Facebook, LinkedIn and Telegram. You can also send us tips or reach out at [email protected].
Also Read: Unaitas and Pesalink Partner to Power Instant SACCO Payments
