A Tanzanian conglomerate is on the verge of taking control of one of East Africa’s most strategic energy networks in a $250 million deal that could reshape fuel distribution and cooking gas markets across the region.
Amsons Group is reportedly in advanced talks to acquire Switzerland-based Oryx Energies, according to people familiar with the negotiations, in what could become one of the most consequential private-sector energy acquisitions in Tanzania’s history.
The proposed transaction goes far beyond a routine corporate takeover.
If completed, the deal would hand a Tanzanian-owned company control over critical petroleum storage infrastructure, fuel distribution systems, lubricant operations and a major liquefied petroleum gas (LPG) business serving multiple East and Central African countries.
The negotiations are reportedly being handled through Oryx Energies’ headquarters in Geneva, though neither company had publicly confirmed the transaction as of Monday.
