Dar es Salaam. PUMA Energy Tanzania, jointly owned by the Government of Tanzania and Puma Investments, is set to review its strategic plan in line with the shareholders’ agreement.
Speaking during a visit by PUMA Energy’s top leadership to the Office of Treasury Registrar (OTR) yesterday, May 26, 2025, Treasury Registrar, Nehemiah Mchechu, emphasised the importance of timely strategic realignment.
The high-level delegation was led by PUMA Energy Global Chief Executive Officer, Mr Mark Russel, and Head of Africa, Mr Ben Quattara.
Mr Russel assumed office approximately a month ago, while Mr Quattara took up his role two months ago.
They were accompanied by PUMA Energy Tanzania managing director, Ms Fatma Abdallah.
“The management and the board will have to review the business strategy within this year for us to take advantage of good things starting next year,” said Mr Mchechu, noting that implementation of the revised plan will kick off in January next year.
PUMA Energy Tanzania is jointly owned by the government of Tanzania and Puma Investments Limited, each holding 50 percent equity.
The company is a subsidiary of Puma Energy Holdings Pte Ltd, part of Trafigura PE Holding Ltd.
Mr Mchechu reaffirmed the government’s strong commitment to PUMA, describing it as a strategic national investment.
“Our investment in PUMA is strategic. It ensures government presence in the energy sector and the distribution network,” he said.
He went on to add: “Even in times of crisis, others may shut down — but not PUMA. We’re proud of the dividends received and the company’s performance.
Mr Russel, visiting Tanzania for the first time in his current role, expressed confidence in the country’s potential.
He said the Puma Energy plans to expand its operations by broadening its distribution network and increasing the range of products offered.
“We want to look at the strategy to see where we can build the business further, offering more to the community through our retail offering,” he underscored.
“Tanzania is a very insightful country with many opportunities — including LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) projects. With the government, we’ll identify and unlock these together,” he added.
Mr Quattara emphasized that Tanzania remains central to the company’s operations across the continent.
“From Africa’s perspective, Tanzania remains a critical and important partner. We want to continue growing, investing, and improving our portfolio here,” he asserted.
Strategic partnership, he added, also means ensuring local communities benefit — through job creation and social impact.
“The fact that Tanzania is our first visit in these roles clearly shows its importance to us,” said Mr Quattara.
Ms reported strong local performance and outlined major ongoing projects.
She noted that construction of Compressed Natural Gas (CNG) stations is underway, with operations expected to begin within the next two to three months.
The LPG business has also expanded beyond Dar es Salaam and Coast regions into Dodoma.
The company plans to extend further into Mwanza and Arusha before the end of the year.
In terms of financial performance, she highlighted a 51 percent increase in profit for the year 2024, with dividends scheduled for announcement on June 10, 2025.
“Expect big things from PUMA Tanzania in the months and years ahead,” Ms Abdallah concluded.
