Kpler has acquired CITAC to expand its coverage of African energy markets.
The acquisition strengthens Kpler’s trade intelligence and analytics platform by adding deeper coverage of Africa’s downstream oil and refining sector.
Kpler said clients will gain more detailed visibility into African refining activity, product flows and trading operations through the integration of CITAC’s regional expertise and proprietary data network.
CITAC has more than 25 years of experience in African energy markets and serves as an advisor to the African Refiners and Distributors Association (ARDA).
The company’s local market presence and industry relationships will complement Kpler’s global trade intelligence platform.
Kpler said the acquisition also supports its long-term expansion strategy by strengthening its position in one of the fastest-growing and least transparent energy markets.
“This acquisition is about delivering sharper, more actionable insights to our clients,” said Mark Cunningham, CEO of Kpler.
“CITAC brings unparalleled expertise in a complex and fast-evolving region.”
Kpler added that the integration will improve the depth and quality of its market intelligence offering while supporting smarter trading decisions for clients operating in global energy markets.
