Afreximbank finances management buyout of Oryx Energies

Afreximbank disbursed a Sh126 billion ($975 million) financing facility to part-fund the management buyout of Oryx Energies SA, the holding company of Addax Energy SA. The transaction transfers control of the trading and distribution business to the existing management team. This move brings Oryx Energies, which operates across Kenya and over 20 other African countries, under majority African ownership for the first time. Afreximbank acted as the sole lender, facility agent, security trustee, and escrow agent for the deal.

Oryx Energies is a long-established independent energy provider that supplies, stores, and distributes fuels, LPG, and lubricants across Africa. The buyout, which Afreximbank described as strengthening the continent’s energy security, involves a major African distributor.