Amsons Group is reportedly close to acquiring Oryx Energies in a deal valued at about $250 million, a move that could significantly expand the Tanzanian firm’s influence across East Africa’s energy sector. According to business insider Africa and industry sources, the transaction would strengthen Amsons Group’s position in fuel storage, liquefied petroleum gas distribution, and downstream petroleum infrastructure.
The proposed acquisition would give Amsons control over strategic fuel terminals, LPG operations, and distribution networks operating across several African markets. Analysts say the deal reflects rising consolidation within Africa’s downstream energy industry as regional firms seek greater control over supply chains, logistics infrastructure, and energy distribution systems.
Oryx Energies has maintained a strong presence across East and Central Africa through investments in petroleum storage, fuel trading, marine services, and LPG distribution. Industry experts note that demand for fuel infrastructure and cleaner household energy solutions such as LPG continues growing rapidly across Africa due to urbanisation, population growth, and industrial expansion.
Market observers say the acquisition could position Amsons Group as one of East Africa’s most influential privately owned energy players. They add that African conglomerates are increasingly pursuing cross-border acquisitions to strengthen regional integration, improve energy security, and capture growing demand within Africa’s expanding consumer and industrial markets.
