WE EXPERIENCED STRONG GROWTH IN OUR BUSINESS, WITH NET INCOME, GROUP SHARE UP 21% AND EACH OF THE 3 DIVISIONS EXPANDING STRONGLY AND NOTCHING UP SIGNIFICANT MARKET SHARE GAINS REFLECTING THE PERTINENCE OF OUR STRATEGIC POSITIONING.
T he Rubis Group delivered robust successfully overcoming the various geopolitical perils that had marred 2018. performances in 2019, On top of this excellent performance, we undertook fresh developments that will drive our growth going forward. For instance, 2020 saw Rubis announce that an agreement had been signed for the acquisition by American infrastructure fund I Squared Capital of a 45% stake in Rubis Terminal, our subsidiary specializing in bulk liquid storage. The partnership will allow Rubis Terminal to strengthen its existing positions and increase the pace of its international expansion, giving it the same competitive advantages as infrastructure funds. Meanwhile, Rubis Énergie made significant investments, becoming a key player in East Africa thanks to the successive acquisitions of KenolKobil and Gulf Energy Holdings Limited in Kenya and neighboring countries.
Our acknowledged international expertise allows us to support local economic expansion and meet the energy needs of Africa’s most dynamic region,
where growth is running at nearly 6% per annum .
At the same time as these developments, 2019 was a year devoted to strengthening our genuine commitment in the fields of Corporate Social Responsibility (CSR), in close collaboration with our local operating teams and in line with our culture of entrepreneurship and performance. While protecting people and the environment has always been a priority of our CSR approach, we are continuously enriching our process to take into account the shifting issues facing our business segment. Fully aware of the challenges in terms of energy transition, we have decided to implement a number of projects designed to deepen our commitment