M/s Lake Oil Limited was registered in the year 2005 and commenced its operations in March 2006 in Dar Es Salaam, Tanzania, just as an Oil Marketing Company. In the last 6 years, this business house grew phenomenally in size and diversified itself into a huge corporate entity.
Lake Group is now into business of fuel marketing across EAC and Central African countries, into road haulage with a fleet of about 500 units, into pre-mix cement concrete production in Tanzania and now is into LPG bottling and marketing across EAC and CA.
The Lake Group is also poised to embark on LPG cylinder manufacturing in Middle East, primarily to cater to its own captive requirements.
The Lake Group that started with a few professionals, now has a list of 1000 direct and indirect staff at various levels including a list of 50 Professional Expatriates picked from various fields of Engineering, Finance, Construction, Logistics, Downstream Petroleum to name a few.
The Head Office of Lake Group remains in Dar es Salaam, where it all began from.
The Lake Group companies are Lake Oil Ltd, Lake Gas Ltd, Lake Trans Ltd and Gulf Concrete and Cement Products Ltd.
The Lake Group has a current turn over of about 600 million $ per annum and is expected to reach a billion $ turn over by mid 2014.