By Costantine Muganyizi
Puma Energy Tanzania has delivered a record TSh 15 billion dividend to the Government, the largest shareholder payout in the company’s history.
The company said in presser that the payout underscores the commercial success of one of the country’s longstanding public-private partnerships and highlights the growing role of the private sector in driving national economic development.
The dividend cheque was presented to President Dr. Samia Suluhu Hassan at the State House in Dar es Salaam on Monday in the presence of senior government officials, the company’s Board of Directors and executive management.
The payout represents an 11 per cent increase from the about TSh 13.5 billion distributed in 2025, reflecting sustained business growth and improved financial performance.
The record dividend reinforces the value of the Government’s equity participation in strategic enterprises, demonstrating how public ownership in commercially successful companies can generate significant non-tax revenue while encouraging continued private investment.
Speaking during the event, President Samia commended Puma Energy Tanzania and other companies that continue to contribute to national development, saying they demonstrate the benefits that can be realised through effective public-private partnerships.
Puma Energy Board Chairman, Ambassador George Madafa, attributed the milestone to the company’s strong fundamentals and disciplined long-term strategy.
“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,” he said.
Ambassador Madafa added that the company’s unique ownership structure 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.”
Beyond shareholder returns, Puma Energy Tanzania continues to rank among the country’s largest corporate contributors to public finances. The company says it has paid more than TSh 1.4 trillion in taxes and duties over the past three years and has earned recognition from the Tanzania Revenue Authority for its consistent tax compliance.
Managing Director Fatma Abdallah said the company remains focused on expanding investments that support Tanzania’s industrialisation agenda and transition towards cleaner energy.
“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),” she said.
“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.”
With more than 100 service stations nationwide, aviation fuel operations at all international airports, extensive storage infrastructure, and what it describes as Africa’s largest CNG Mother Station, Puma Energy Tanzania is positioning itself not only as a leading downstream energy company but also as a strategic partner in Tanzania’s economic transformation. The record dividend sends a broader signal to investors that profitable public-private partnerships, sustained capital investment and responsible corporate governance can generate long-term value for shareholders while contributing meaningfully to national development.
