Puma Energy pays historic TZS 15 billion dividend to government,

DAR ES SALAAM: PUMA Energy Tanzania has presented the Government with a dividend cheque worth TZS 15 billion, representing half of the company’s profits. This is the largest dividend ever paid in the company’s history and underscores the success of its partnership with the Government through a joint shareholding structure in which the Government owns a 50 percent stake.

The dividend was received by President Samia Suluhu Hassan at the State House in Dar es Salaam in the presence of senior government officials, members of the Puma Energy Tanzania Board of Directors and the company’s leadership. The dividend represents an 11 percent increase compared to the approximately TZS 13.5 billion paid in 2025, reflecting the company’s strong financial performance, strategic investments and long-term commitment to contributing to Tanzania’s economic development.

Speaking during the handover ceremony, President Samia Suluhu Hassan commended Puma Energy Tanzania and other companies that continue to fulfill their obligations by contributing to national development and demonstrating the benefits of strong collaboration between the public and private sectors.

Puma Energy Tanzania Board Chairperson, Ambassador George Madafa, said the historic dividend reflects the strength of the company’s business fundamentals and the success of its long-term growth strategy.

“Today’s dividend handover reflects Puma Energy Tanzania’s strong performance, resilience and commitment to creating sustainable value for our shareholders and the nation as a whole. This increase in the dividend demonstrates the strength of our business model, the dedication of our employees and the continued trust our customers place in our company,” said Ambassador Madafa.

“As a company jointly owned by the Government of Tanzania and Puma Energy, we take pride in ensuring that our success directly benefits Tanzanians through shareholder dividends, taxes and statutory levies, investments and the creation of employment opportunities,” he added.

Puma Energy Tanzania Managing Director Fatma Abdallah said the company will continue supporting Tanzania’s economic transformation through sustained investment in strategic energy infrastructure and innovative energy solutions.

“In recent years, we have made significant investments to expand our network of service stations, strengthen aviation fuel supply, grow our LPG business and introduce clean energy solutions such as Compressed Natural Gas (CNG). These investments provide a strong foundation for future growth, support the country’s industrialization agenda and energy transition while ensuring we continue delivering reliable energy services that contribute to sustainable economic development and prosperity in Tanzania,” said Fatma Abdallah.

“Over the past three years, Puma Energy Tanzania has contributed more than TZS 1.4 trillion to the Government through taxes and statutory levies. The company has also been recognized by the Tanzania Revenue Authority (TRA) for its outstanding tax compliance record and contribution to increasing government revenue,” she added.

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With more than 100 fuel service stations, a major fuel storage terminal and several depots across the country, Puma Energy Tanzania has established a strong nationwide distribution network. The company also supplies aviation fuel at eight airports, including all international airports in Tanzania, and continues to lead the country’s clean energy transition through Africa’s largest CNG Mother Station and a growing network of CNG stations in Dar es Salaam and Morogoro.

In addition, the company continues to expand access to clean cooking energy solutions through Puma Gas, while its lubricants business and Shop Express convenience stores continue to provide customers with a wide range of high-quality products and services.