TotalEnergies reportedly preparing to leave Ethiopia
TotalEnergies, the French energy major, is reportedly preparing to leave the Ethiopian market. According to Africa Business+, the company has reached an agreement to sell its network of around 120 service stations in the country to OLA Energy, formerly known as OiLibya. The financial details of the deal haven’t been disclosed, and neither TotalEnergies nor OLA Energy has officially confirmed it yet. If confirmed, the sale would bring TotalEnergies’ 76 years retail fuel business in Ethiopia to an end. No reason has been given for the move, and the fate of the 166 employees of the company in Ethiopia remains…
22 Jun 20:50 · Ethiopia Observer