 |
| The President of the United Republic of Tanzania, H.E. Dr. Samia Suluhu Hassan, receives a dividend cheque of TZS 15 billion from Puma Energy Tanzania Board Chairperson, Ambassador George Madafa (left), and Puma Energy Tanzania Managing Director, Ms. Fatma Abdallah (right). The dividend, the largest ever declared in the company's history, represents the Government's share of returns from its 50 percent equity stake in Puma Energy Tanzania. |
DAR ES SALAAM, Tanzania, June 30, 2026 – Puma Energy Tanzania has delivered a record dividend of TZS 15 billion to the Government of Tanzania, the highest dividend payout in the company's history, underscoring its robust financial performance and the success of its long-standing public-private partnership with the Government.
The dividend cheque was presented to President Samia Suluhu Hassan during the Government's annual dividend presentation ceremony held at the State House in Dar es Salaam. The event was attended by senior government officials, members of Puma Energy Tanzania's Board of Directors, and the company's executive leadership.
The record payout represents an 11 percent increase from the approximately TZS 13.5 billion distributed in 2025, highlighting the company's sustained profitability, strategic investments, and commitment to delivering value to both shareholders and the Tanzanian economy.
During the ceremony, President Samia commended Puma Energy Tanzania and other participating companies for their continued contributions to national development through increased dividend payments, tax compliance, and investments that support economic growth. She noted that such achievements demonstrate the value of effective collaboration between the public and private sectors.
Strong Business Performance Driving Higher Returns
Puma Energy Tanzania Board Chairman, Ambassador George Madafa, attributed the record dividend to the company's resilient business model, disciplined execution of its long-term strategy, and the dedication of its workforce.
"Today's dividend handover is a reflection of Puma Energy Tanzania's strong performance, resilience, and commitment to creating sustainable value for our shareholders and the country. The increase in dividend returns demonstrates the strength of our business model, the dedication of our employees, and the trust our customers continue to place in us," said Ambassador Madafa.
He further emphasized that the company's shared ownership structure with the Government ensures that its success directly benefits Tanzanians.
"As a company jointly owned by the Government of Tanzania and Puma Energy, we take pride in ensuring that the benefits of our success are shared directly with the people of Tanzania through shareholder returns, tax contributions, investments, and employment opportunities," he added.
Strategic Investments Supporting Tanzania's Energy Future
Puma Energy Tanzania Managing Director Fatma Abdallah said the company remains focused on supporting Tanzania's economic transformation through continued investment in modern energy infrastructure and innovative energy solutions.
According to her, Puma Energy has made significant investments in expanding its retail service station network, strengthening aviation fuel supply infrastructure, growing its LPG business, and pioneering cleaner energy solutions such as compressed natural gas (CNG).
"Over the past few years, we have invested significantly in expanding our retail network, strengthening aviation fuel supply, growing our LPG business, and pioneering cleaner energy solutions such as compressed natural gas (CNG). These investments are laying strong foundations for future growth, supporting the country's industrialisation agenda and energy transition ambitions, while ensuring we continue to deliver reliable energy solutions that contribute to Tanzania's long-term economic development and prosperity," said Fatma Abdallah.
She also highlighted the company's substantial fiscal contribution to the country.
"The company continues to make significant contributions to the national economy through taxes, duties, employment, and strategic infrastructure investments. Over the past three years, Puma Energy Tanzania has contributed more than TZS 1.4 trillion in taxes and duties to the Government and has been recognised by the Tanzania Revenue Authority for its strong record of tax compliance and revenue contribution," she added.
Expanding Nationwide Energy Infrastructure
Puma Energy Tanzania has built one of the country's most extensive downstream energy networks, operating more than 100 service stations, a major fuel storage terminal, and multiple depots strategically located across Tanzania.
The company also supplies aviation fuel at eight airports, including all of Tanzania's international airports, reinforcing its position as a critical player in the country's aviation sector.
In line with Tanzania's clean energy ambitions, Puma Energy is advancing alternative fuel solutions through Africa's largest CNG Mother Station and an expanding network of CNG stations in Dar es Salaam and Morogoro. The company continues to broaden access to cleaner household energy through Puma Gas, while its lubricants business and Shop Express convenience stores provide motorists and consumers with a wide range of quality products and services.
A Growing Contribution to Tanzania's Economy
The record dividend further reinforces Puma Energy Tanzania's role as one of the country's leading energy companies and demonstrates how successful public-private partnerships can generate sustainable returns for shareholders while contributing meaningfully to national development.
Beyond dividend payments, the company continues to create value through employment, tax revenues, infrastructure investments, and reliable energy supply, supporting Tanzania's industrialisation agenda and long-term economic growth.
About Puma Energy
Puma Energy is a leading global downstream energy company operating in more than 34 countries. The company provides energy solutions across fuels, aviation, lubricants, LPG, CNG, and bitumen, with a mission to energise communities and drive sustainable growth in high-potential markets around the world.
No comments:
Post a Comment