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Amsons Group

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Amsons Group
Company typePrivate conglomerate
IndustryInvestments
Founded2000; 24 years ago (2000)
HeadquartersDar es Salaam, Tanzania
Key people
Edha Nahdi
Group CEO
ProductsCement, construction, transport, flour, logistics
Number of employees
10,000+ (2024)
WebsiteHomepage

The Amsons Group of Companies, commonly referred to as the Amsons Group, is a privately owned conglomerate in Tanzania. Established in 2000, the conglomerate is involved in the manufacture and distribution of cement and concrete, construction, transport, flour, logistics, among other activities.[1]

Overview

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The Amsons Group is a large industrial conglomerate that is headquartered in Tanzania and is active in the African Great Lakes Region countries of Burundi, Democratic Republic of the Congo, Malawi, Tanzania and Zambia. The group employs over 10,000 people, of whom 1,700 are directly employed in Tanzania.[2][3][4]

Subsidiary companies

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As of November 2024, the companies of the Amsons Group included but were not limited to the following:[2]

  • Camel Oil (5.8% national market share in 2018)[5]
  • Camel Gas
  • Camel Cement Company Limited[4]
  • Camel Concrete
  • Camel Oil Lubricants
  • Farion Trading Limited
  • EAW (Heavy Duty Commercial Transporter)
  • Amsons Real Estates
  • Camel Flour Mills
  • Tanzania Clou Electronic Company Limited (CLOU)
  • Mbeya Cement[6]

Corporate social responsibility

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Since 2018, Amsons Group has constructed modern women's wards at Amana Regional Referral Hospital, Temeke Hospital and Mwananyamala Regional Referral Hospital as part of the group's corporate social responsibility (CSR).[7]

Developments

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In July 2024, Amsons Group made an offer of TSh475 billion (US$180 million) to acquire all the shareholding in Bamburi Cement in neighboring Kenya. The transaction is gubject to regulatory approval in Kenya.[3][8]

See also

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References

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  1. ^ Peter Edwards (6 November 2024). "Amsons Group takes aim at East Africa". Global Cement. Epsom, Surrey, United Kingdom. Retrieved 13 November 2024.
  2. ^ a b Amsons Group (13 November 2024). "Amsons Group: Business Segments". Amsons Group. Dar es Salaam, Tanzania. Retrieved 13 November 2024.
  3. ^ a b Josephine Christopher (12 July 2024). "Tanzanian firm in Sh475 billion bid for Kenya cement producer". The Citizen (Tanzania). Dar es Salaam, Tanzania. Retrieved 13 November 2024.
  4. ^ a b Zainab Hafsah and Morris Kiruga (15 July 2024). "Inside Amsons Group's KShs 23.59bn Buyout Offer for Bamburi Cement". Kenyan Wall Street. Nairobi, Kenya. Retrieved 13 November 2024.
  5. ^ "Revealed: 7 oil firms control over 67pc of market share". The Citizen (Tanzania). Dar es Salaam, Tanzania. 19 March 2019. Retrieved 13 November 2024.
  6. ^ "Amsons Group powers up East Africa's cement market with US $320 million investments in Tanzania". Capital FM Kenya. Nairobi, Kenya. 31 October 2024. Retrieved 13 November 2024.
  7. ^ Tanzania Daily News (19 February 2018). "Tanzania to Have New Maternal Wards" (via AllAfrica.com). Tanzania Daily News. Dar es Salaam, Tanzania. Retrieved 13 November 2024.
  8. ^ Ken Muthomi (24 October 2024). "Tanzania's Amsons Group Unveils Bid To Acquire Bamburi Cement". Capital FM Kenya. Nairobi, Kenya. Retrieved 13 November 2024.
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