NEWS
ADNOC Distribution to open first flagship service station in Egypt this year
ADNOC Distribution and TotalEnergies are celebrating two years of successful partnership in Egypt . In 2023 , ADNOC Distribution acquired 50 % of TotalEnergies Marketing Egypt , TEME creating a joint venture that operates over 240 fuel retail sites across Egypt and includes wholesale , aviation fuel and lubricant blending operations .
The acquisition facilitated the entry of ADNOC ’ s retail fuel and Oasis convenience store brands to the Egyptian market .
ADNOC Distribution is set to open its first flagship service station in New Cairo this year , featuring an expanded ADNOC Oasis convenience store and offering a broader range of automotive services compared to the existing 11 ADNOC-branded stations operating in the country . The new station will join ADNOC Distribution ’ s existing flagship stations in Abu Dhabi and Dubai , exemplifying the Company ’ s commitment to industry-customer experiences .
ADNOC ’ s Voyager lubricants are blended locally in Egypt by TEME for both domestic sales and global exports , showcasing Egypt ’ s growing potential as an export-focused manufacturing hub . Later this year , Voyager lubricants will also be available through independent Egyptian distributors , expanding the brand ’ s reach beyond ADNOC Distribution service stations .
Eng Bader Saeed Al Lamki , CEO of ADNOC Distribution , said : “ The ongoing success of our TEME joint venture demonstrates the value of our international expansion strategy in driving value-accretive growth . Egypt , with its significant economic potential , is a key part of our growth journey . We are proud to deliver innovative solutions and exceptional customer experiences that align with our long-term vision for regional leadership .”
Thomas Strauss , Managing Director and Country Chair of TotalEnergies Marketing Egypt , said : “ This partnership underscores our mutual dedication to strengthening Egypt ’ s energy solutions . We recognise the immense potential of the Egyptian market and are committed to fostering sustainable growth .”
Frogfoot Networks acquires American Tower Africa ’ s fibre business in South Africa
Frogfoot Networks , a licensed open-access infrastructure provider has acquired the fibre assets of ATC , American Tower Africa , a provider of wireless and fibre infrastructure solutions in South Africa and a key partner to Frogfoot since 2017 .
According to Shane Chorley , CEO of Frogfoot Networks , this acquisition does not only mark a natural extension of their partnership but the integration of ATC ’ s assets into its fibre network will enable them to continue delivering a quality and reliable service to their customers .
“ Our partnership has been built on mutual trust and shared goals and the acquisition aligns perfectly with our long-term strategy of strengthening and expanding Frogfoot ’ s network capabilities ,” says Chorley .
The acquisition of ATC ’ s fibre network assets underscores commitment to sustainable growth and investment in highquality network infrastructure .
This acquisition reinforces Frogfoot ’ s success in the market while ensuring continuity for customers , with no changes to their current services .
Shane Chorley
“ As we take this next step , we remain dedicated to providing seamless connectivity and superior service to businesses and homes across the regions we serve ,” says Chorley . p
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