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Lake Group
      On 2019-01-01 1 Min Read

      Lake Group Expansion into Mozambique Market

      Africa Energy Intelligence’s sources report that the Tanzanian oil trading and distribution firm Lake Group has set up shop in Mozambique. Its founder and CEO, Ally Edha Awadh, recently incorporated a subsidiary named Lake Oil Limited in Beira In central Mozambique. The move marked a further step in Lake Group’s expansion in the region. Apart from Tanzania itself, the firm is active in Zambia, Kenya, Congo-K, Burundi and Rwanda. The company was founded in 2006 by Awadh, who was 27 at the time. Named Lake Oil, it worked initially in importing and storing oil products but Awadh later diversified his business by inaugurating a flurry of companies, including Lake Trans Ltd (transport). The firm works with oil trading giants like Trafigura and Agusta Energy. Forbes Magazine listed Awadh as one of Africa’s most promising young businessmen in 2014 and 2015. Lake Oil’s arrival in Mozambique coincides with that of one of its competitors in Tanzania, the MeTL conglomerate of businessman Mohamed Dewji who will work out of Nacala in the north of the country.

      News & Events

      • AFRICA CEO FORUM 2018 AWARDS
      • MOU signed with Moroccan King
      • International Women's Day (IWD) 2017 In Tanzania
      • Donation of Mattress to temeke hospital in DAR
      • East Africa’s biggest LPG storage facility in Tanga, Tanzania
      • Lake Group Expansion into Mozambique Market
      • Lake Gas Advertisement
      • International Women's Day 2014
      • International Women's day 2015
      • Africa Food Festival held on 30th November, 2014
      • Indian Food Festival event held on 23rd Feb, 2014
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      • 2018 Lake Group Event
      • Auto Fest 10th
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      • Lake Group New Year 2016
      • Composite cylinder launch on 18th June, 2014
      Lake Group
      Lake Group is one of East and Central Africa's fastest growing energy trading and transportation conglomerates.

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      • Plot 49, Mikocheni Light Industrial Area, P.O.BOX 5055, Dar es Salaam, Tanzania
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