TZ firm cleared to buy Kenya oil unit

Hashi petrol station, a Tanzanian billionaire bids to take over Hashi Energy.PHOTO/COURTESY

What you need to know:

  • The acquisition will add to Lake Oil’s existing gas distribution business in Kenya.
  • “It is notified for general information that the Competition Authority of Kenya has authorised the proposed acquisition of the retail petroleum business of Hashi Energy Limited by Lake Oil Limited,” the regulator said in a notice.

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