By Radarr Africa Business Desk
October 26 (Radarr Africa) – Tanzania’s Amsons Group has agreed to acquire the Tanzanian downstream business of Geneva-based Oryx Energies, in a deal reported at more than $230 million, subject to regulatory approvals, according to The Exchange Africa and Capital FM.
The two companies announced the agreement on October 16, 2026, Tanzaniainvest reported. Tanzaniainvest said the deal value was not disclosed, while The Exchange Africa and Capital FM put it at more than $230 million.
The assets include Oryx’s retail service stations, bulk storage terminals and distribution infrastructure in Tanzania, along with equity interests in fuel hub partnerships, including storage operations at TIPER in Dar es Salaam, The Exchange Africa reported. Completion depends on necessary regulatory approvals and other customary conditions. None of the three reports names a regulator or gives a completion date.
Oryx will continue operating in Tanzania as usual until the deal closes, the reports said. The sale is part of Oryx’s ongoing review of its African downstream assets, Capital FM reported. Tanzaniainvest said the company aims to refocus capital on energy infrastructure and trading.
The Exchange Africa and Capital FM said the acquisition lifts Amsons’ fuel storage capacity from 300,000 metric tonnes to 800,000 metric tonnes and expands its retail network to about 300 stations across several countries. The reports do not separate Oryx’s station count from that total.
Moussa Diao, chief executive of Oryx Energies, described the deal as a milestone for East Africa’s downstream energy sector. He said: “Africa remains at the heart of our business and our long-term ambitions,” Capital FM reported.
Edha Nahdi, group managing director of Amsons, said the deal would help anchor Tanzania as “a vital regional logistics hub for East and Central Africa”, according to Capital FM. Tanzaniainvest reported that he also said integrating the Oryx network and storage would strengthen domestic fuel security.
Tanzaniainvest said Oryx has been present in Tanzania since 1999, when it acquired Agip’s assets in the country. Its operations there include Oryx Energies Tanzania, which handles fuels and lubricants, Oryx Gas Tanzania, which handles LPG, and TIPER, a 50/50 joint venture with the Government of Tanzania. It said the Oryx Gas Zanzibar LPG terminal at Mangapwani Port, with 1,300 tonnes of storage, was inaugurated on June 27, 2024, but the article does not say whether that terminal is part of the sale.
Amsons is a family-owned Tanzanian energy and manufacturing conglomerate founded in 2006, The Exchange Africa reported. Tanzaniainvest said its energy brands include Camel Oil, Cam Gas, Camel Lubricants and Kalahari Petroleum, and that it operates in Tanzania, Mozambique, Kenya, the Democratic Republic of Congo and Zambia.
The group has been expanding in cement as well. Tanzaniainvest said it owns 65 per cent of Mbeya Cement and has agreed a $320 million plan with the government to expand the Mbeya plant and build a new cement plant in Tanga. The Exchange Africa reported that Amsons has made buyout offers for Kenyan cement makers Bamburi Cement and East Africa Portland Cement, and that those deals have not closed and face regulatory scrutiny. Capital FM reported a planned 1,000-megawatt solar investment in Zambia.
The Exchange Africa raised concerns about the group’s leverage and focus, given its expansion across several sectors and countries.
