Key takeaways
- Capital reports that sources describe COMESA scrutiny of OLA Energy’s proposed acquisition of TotalEnergies’ Ethiopian downstream business.
- The June 30 agreement covers more than 120 service stations and ten storage assets.
- Assets include a reported 13,000-cubic-metre Dukem terminal and aviation fuel operations at Bole International Airport.
- Completion remains subject to regulatory and administrative approvals; no final decision has been confirmed.
- Capital says the precise regional review status remains unclear.
Why it matters
- The transaction would combine two existing fuel-distribution networks.
- Its scope extends beyond retail into storage, logistics, aviation fuel and commercial supply.
- The reported near-50% combined retail market share is an unverified estimate.
What to watch
- Formal confirmation of the review stage and any approval conditions.
Source: Capital Ethiopia | 8 November 2026 | Original article
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