Amsons Group acquires Oryx Energies Tanzania business
Pan-African Energy and Manufacturing conglomerate Amsons Group has acquired Geneva-based Oryx Energies’ Tanzania downstream business in a transaction worth more than US$ 230 million. In the landmark deal, a pan-African enterprise is acquiring an oil major’s assets, and Amsons Group will now control all the downstream activities Oryx previously conducted in Tanzania. The transaction is [...] The…
Amsons Group has acquired Oryx Energies Tanzania business in a deal worth over US$230 million. The acquisition marks a significant milestone in East Africa's downstream energy landscape, transferring key assets such as retail service stations, storage terminals, and distribution infrastructure to Amsons Group. Oryx Energies CEO Moussa Diao stated that the transaction is a testament to the Tanzanian business group's strong roots and growth ambitions.
Amsons Group Managing Director Edha Nahdi highlighted the transformative nature of the deal, which will strengthen domestic fuel security and establish Tanzania as a vital regional logistics hub for East and Central Africa. The transaction is subject to regulatory approvals and other customary conditions, but Oryx Energies will continue its operations in Tanzania as usual.
The acquisition will expand Amsons Group's operational scale, including the integration of Oryx's extensive distribution network and storage capabilities.
Written by urgent.news from KahawaTungu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
