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 Limited, 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).
Our vision is to position FML as a major player in the fuel logistics industry, through a combination of efficient logistics services, aggressive market development, and customer service delivery strategies.
Our mission is to be a major provider of competitively priced and superior logistics solutions in Zimbabwe and the SADC region, and to be the preferred bulk fuels haulier within the region’s petrochemical industry.
Our values and beliefs are embodied and enshrined in our corporate culture:
- We value continuity in doing business with customers and suppliers.
- We believe in personalised service delivery to our customers.
- We value our environment and the community we serve.
- We believe in quality service delivery in all our business dealings.
- We value innovation and consistent improvement in service delivery.
- We believe in training and manpower development.
- We believe in honesty and transparency.
Health & Safety Environment
We are committed to observing best industry practices relating to Health, Safety and Environment in all our operations.