"FML prides itself on providing its clients with competitive pricing, reliability and 24/7 logistical support and vehicle tracking. Through the efficient use of it’s monitoring infrastructure, in-transit losses are kept to a minimum and delivery schedules are strictly adhered to. The experienced management team has built the business around a well-defined system of processes which when combined with its highly trained drivers and ADR specification trucks and tankers, places FML in the top 10% of bulk fuel transporters in the sub-region."
FML Oil Company of Zimbabwe (Pvt) Ltd ("FML") was acquired by Brainworks Capital Management (Pvt) Ltd ("now Brainworks Limited") with the aim of securing predictable income streams through the distribution of petroleum products in Zimbabwe and the hinterland markets.
Brainworks Limited, Zimbabwe’s pre-eminent private equity investment and advisory firm, is primarily focused on investing in the financial services, energy, hospitality and real estate sectors.
FML’s strategic intent is to address the increasing demand from sub-Saharan emerging businesses, for more efficient fuel supplies, given rising world oil prices which necessitate cost effective and efficient delivery systems due to the land-locked nature of the target economies and the increasing reliance on fossil fuel for energy, transport and manufacturing.
Broad-Based Beneficial Shareholding
Brainworks Limited’s ownership structure comprises management and some Zimbabwean pension funds (who qualify as indigenous). Brainworks Limited’s investment activities are set to benefit more than 11,000 indigenous Zimbabweans, who are members of those pension funds. The goal continues to be the consummation of value adding transactions and broadening our indigenous beneficiary shareholding structure.
Indigenisation & Empowerment Compliance
FML is 100% owned by Brainworks, which is certified by the Ministry of Youth Development, Indigenisation and Empowerment (Ref. J/1/864) and is compliant with Section 3(1)(a) of the Indigenisation and Economic Empowerment Act (Chapter 14:33)...read more...
As a growing provider of integrated bulk fuel haulage solutions, FML offers start-to-finish logistics expertise within Zimbabwe and the region.
The fleet of specialised tractor trucks and tankers provide primary and secondary distribution services to various oil majors within the Southern Africa Development Community (“SADC”).
Due to the SADC region’s limited refining capacity and ongoing pipeline constraints, continuity of supply is increasingly becoming an important competitive advantage and an efficient road haulage service is a key differentiator. With this in mind, FML is building its business around reliability of supply and related supply chain efficiencies.
Our sector-specific approach means we can deliver significant value beyond lower costs and lower-risk due to the following:
- Industry leading logistics solutions and innovation.
- Reliability, efficiency and accountability.
- World-class ADR specification tractor trucks and tankers.
- Higher service levels.
- Preferred employer status.
- High SHE levels and quality assurance system.
- A strong balance sheet to grow the fleet exponentially.
Within the SADC region, the majority of road tanker operators are small two to three truck operations utilising cheaper, with many using left-hand drive imports from the USA, which are not well suited to African roads and loading conditions. Many of them are under-insured and lack the necessary certification required to carry hazardous goods. Poor road conditions, congestion, slow border clearance, overloading and weak law enforcement further compound these issues, which, if not managed correctly can result in serious blockages in the system...read more...