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.
For Amsons, acquiring Oryx would instantly elevate the company into the top tier of East Africa’s downstream energy industry and it 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.
The company's reach stretches far beyond Tanzania’s borders, serving markets including Uganda, Rwanda, Burundi, Zambia, Malawi and eastern Democratic Republic of Congo.
The group would gain access to Oryx’s lubricant blending plants, LPG operations and regional retail fuel network, creating a vertically integrated energy business spanning storage, logistics, distribution and retail.
The deal also reflects a wider shift unfolding across Africa’s economy, where local conglomerates are increasingly taking control of strategic sectors historically dominated by foreign multinationals.
Full story Tanzania’s Amsons nears $250 million Oryx Energies takeover in East Africa | Business Insider Africa
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