As part of its liquidation, Hashi Energy Ltd. has made a number of properties and assets available for purchase.
The company’s substantial assets across numerous locations are up for grabs for bidders who submit competitive offers to Hashi Energy’s liquidator. READ FULL STORY
Hashi has been dealing with a serious financial dilemma as it attempts to pay off a huge Ksh 5 billion debt.
The corporation is selling 31 prime movers in addition to other properties, among them SinoTruk’s SITRAK models, which have 27 units in Mombasa, 3 units in Eldoret and 1 unit in Nairobi.
Additionally, the firm is also disposing of a gas cylinder revalidation plant on Nanyuki Road, Nairobi.
Other assets put up for sale include a 3-acre plot in Changamwe leased for 60 years from December 1, 2009.
The property has a number of facilities including a cold storage warehouse, maintenance warehouse and office blocks.
It also hosts a transformer house and a perimeter wall.
A 1.447-acre plot in Changamwe which was leased for 99 years from January 1, 1977 that comprises an LPG tank and other amenities is also on sale.
In Kisumu, various vacant plots ranging from 0.075 to 0.128 acres in the Industrial area of Kisumu with 99 years lease terms, from April 1, 1990, are also on sale.
An additional 0.1722-acre plot with a two-storey open-plan office block, warehouse and compressor shed with a lease for 67.5 years from January 1, 1980 has also been put up for sale.
Another 0.1722-acre plot with an LPG shed, genset room, and LPG cage with lease terms the same as the above property is also available for sale.
The history of Hashi
Hashi Energy Ltd. began as a distributor of kerosene for Chevron Kenya, making it one of the oldest oil marketing enterprises in East Africa.
Because of the vision of its creator, Ahmed Hashi, the company was first formed as Hashi Empex Limited but then re-registered as Hashi Energy.
Ahmed recognized the huge commercial potential in distant, unfavorable terrain and unstable states within the surrounding regions.
Initially, he was employed in a textile store, where he would ship the goods to countries across East Africa.
Ahmed was employed in the textile sector until the middle of the 1970s, when he left to start his own company and sell used textile goods to nations like Uganda.
Up until 1991, when he and his spouse Fatuma launched Hashi Limited as a company, the billionaire businessman was employed.
Ahmed was given a contract by Chevron, which was then known as Caltex, to provide kerosene to places where the company was not yet present.
As a firm, Hashi would ship petroleum products to nations like Congo and Rwanda by distributing them in jerrycans.
Later, as the business expanded, it stopped collaborating with other businesses and began to distribute its own products.
The business now sells and distributes liquefied petroleum gas (LPG), vehicle gas oil, lighting kerosene, Jet A1, fuel oil and bulk unleaded premium mogas.
Hashi Haulers has a fleet of more than 40 vehicles and transports goods.
Additionally, the business offers liquefied petroleum gas in cylinder sizes of 6 kg, 13 kg and 35 kg.
Hashi Gas is the second-biggest LPG storage company in Kenya, with 420,000 metric tons stored in Mombasa.
The organization operates offices throughout East Africa and employs 300 people.
