Amsons Group Acquires Oryx Energies Tanzania business in a Historic Energy Transaction
The transaction is part of Oryx Energies’ ongoing strategic review of its downstream asset portfolio in Africa.
DAR-ES-SALAAM, Tanzania - The Pan-African Energy and Manufacturing conglomerate Amsons Group has acquired Oryx Energies' Tanzania downstream business in a deal exceeding US$ 230 million. This acquisition marks a significant milestone for Oryx Energies, as it transfers key assets such as retail service stations, storage terminals, and distribution infrastructure to Amsons Group.
According to Amsons Group's Managing Director Edha Nahdi, the Tanzanian conglomerate, which has established roots in the region, is poised to capitalize on the acquired business's foundation and explore further growth opportunities in Tanzania's energy market. Oryx Energies' CEO Moussa Diao emphasized the importance of this transaction, stating that it marks a significant development in East Africa's downstream energy landscape, effectively transferring operational control of the company's assets to Amsons Group.
Nahdi further highlighted that the acquisition is a game-changer for Amsons Group, enabling it to strengthen domestic fuel security and assume a pivotal role as a logistics hub in East and Central Africa. The deal is subject to regulatory approvals and other customary conditions, while Oryx Energies will continue its operations in Tanzania as usual.
With this acquisition, Amsons Group is set to expand its operational scale by integrating Oryx's extensive distribution network, storage capabilities, and fuel hub partnerships. This acquisition also bolsters Amsons Group's existing investments, such as the 1,000-megawatt solar project in Zambia, and aligns with its strategic approach of building a private energy corridor in East Africa that links Tanzanian ports, Mozambican transit corridors, Kenyan industrial hubs, and mining belts in Zambia and the Democratic Republic of Congo.
Written by urgent.news from Capital FM Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
