Pan-African Energy and Manufacturing conglomerate Amsons Group has acquired Geneva-based Oryx Energies’ Tanzania downstream business in a transaction worth more than $230 million (Sh29.9 billion).
Amsons Group will now control all the downstream activities Oryx previously conducted in Tanzania.
The transaction is part of Oryx Energies’ ongoing strategic review of its downstream asset portfolio in Africa.
The firm’s subsidiary in Nairobi is one of the local suppliers in the Government-to-Government oil deal.
Confirming the acquisition, Amsons Group managing director Edha Nahdi said the diversified Tanzanian business group, with an established presence in the region, is well positioned to build on the foundations Oryx Energies laid and pursue further growth opportunities in the Tanzanian market.
“We are delighted to finalise this acquisition, which marks a transformative step in our strategic vision to expand Amsons Group’s footprint in energy and logistics.”
He said that integrating Oryx’s extensive distribution network and storage capabilities allows us to strengthen domestic fuel security and anchor Tanzania as a vital regional logistics hub for East and Central Africa.
Oryx Energies CEO Moussa Diao said the transaction marks a significant milestone in East Africa’s downstream energy landscape, transferring key retail service stations, storage terminals, and distribution infrastructure into local hands.
“We are pleased to have reached this agreement with Amsons Group, a Tanzanian business with strong roots in the country and a clear ambition for growth.“
The acquisition cements Amsons Group’s position as the leading independent energy conglomerate across East and Central Africa.
The deal grants Amsons unmatched operational scale, uniting the region’s largest fuel storage capacity, an expansive retail service station network, and key logistics infrastructure.
It will integrate Oryx’s extensive bulk storage terminals, its vast network of strategic retail stations, and equity interests in strategic fuel hub partnerships, including key storage operations at TIPER in Dar es Salaam.
The deal will also raise Amsons Group’s storage capacity from 300,000MT to 800,000MT and expand its retail network to 300 stations and growing across several countries.
The latest acquisition adds to the already aggressive strategic approach of Amsons Group, which has taken shape in the last two years through the acquisition of Mbeya Cement in Tanzania.
It has also executed multi-million-dollar buyout offers for blue-chip giants like Bamburi Cement and East Africa Portland Cement (EAPC) in Kenya.
A 1,000-megawatt solar investment in Zambia matches Amsons Group’s energy logistics with heavy industrial demand.
By building a network that physically links Tanzanian ports, Mozambican transit corridors and Kenyan industrial strongholds, Amsons Group is single-handedly constructing a private energy corridor.
The group is moving away from traditional localised trading and solidifying its position as a self-sustaining infrastructure and energy titan.
