Why are these deals seen as attractive for Engen?
“Engen views Africa as a strategically important growth engine for the company. We are committed to sustainable, profitable growth on the continent, while defending our subsidiary, Engen Petroleum Limited’s leadership in our market of origin, South Africa. Engen’s 10-year EPIC 2016 growth plan highlights our ambition to be among Africa’s downstream petroleum product leaders by 2016. For this reason, all viable business opportunities on the continent are of importance to us. We have been highly successful at leveraging our traditional strengths in supply and operations in all our African territories, and to operate profitably wherever we have operations. Engen also exports product to 30 more countries, mostly in Africa and the Indian Ocean Islands. As regards Rwanda, Burundi and Guinea Bissau specifically, all enjoy good GDP growth and relatively low inflation rates, and will contribute significantly to Engen’s African goals.” What are the strengths and weaknesses to setting up in Rwand
