Amsons Group buys Oryx Energies' Tanzanian fuel unit for about $230 million
Tanzania's Amsons Group, run by Edha Nahdi, has agreed to buy Oryx Energies' Tanzanian fuel business for about $230 million, according to billionaires.africa.
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what happened
Amsons Group, a Tanzanian conglomerate led by Edha Nahdi, has acquired the Tanzanian fuel arm of Geneva-based Oryx Energies for roughly $230 million. The package includes bulk storage terminals, retail service stations and an equity stake in TIPER, a major fuel depot in Dar es Salaam. Amsons made the announcement in a statement, and billionaires.africa reported the details.
Once completed, Amsons' storage capacity would rise from 300,000 to 800,000 metric tons, and its retail network would reach about 300 stations across several countries. Oryx CEO Moussa Diao described the sale as part of a broader portfolio review across Africa. The price comes in below the roughly $250 million that the parties were reportedly discussing in May.
why it matters
The deal shows local groups consolidating fuel storage and logistics in East Africa. Dar es Salaam is a key entry point for fuel heading to landlocked neighbors, so control of its terminals can affect supply routes across the region.
market impact
Tanzania fuel market: change of ownership for major depots and stations, with possible effects on regional fuel logistics
tags
instruments
sources
- Tanzanian billionaire Edha Nahdi buys Oryx fuel unit for $230m — billionaires.africa, 16 October 2026 at 23:16 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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