Puma Energy Tanzania to Review Strategic Business Plan Amid Renewed Government Commitment

(East Africa) (3 Minutes Read)

Puma Energy Tanzania is jointly owned by the government of Tanzania and Puma Investments Limited, with each party holding a 50 per cent stake.  Mchechu reaffirmed the government’s commitment to its investment in the company, describing Puma as a strategic national asset.

Puma Energy Tanzania is set to review its strategic business plan under its shareholders’ agreement, as the company seeks to tap into emerging opportunities within the energy sector. The announcement was made on May 27 during a courtesy visit by Puma Energy’s global leadership to the Office of the Treasury Registrar.

The delegation was led by the company’s global chief executive officer,Mark Russel, who was accompanied by the Head of Africa, Ben Quattara, and the Managing Director of Puma Energy Tanzania, Ms Fatma Abdallah.

 Speaking during the meeting, Treasury Registrar Nehemiah Mchechu underscored the importance of timely strategic realignment to ensure sustained performance and enhanced value for shareholders.

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Puma Energy Tanzania is jointly owned by the government of Tanzania and Puma Investments Limited, with each party holding a 50 percent stake. Mchechu reaffirmed the government’s commitment to its investment in the company, describing Puma as a strategic national asset.