← All stories

AVES Group Eyes Sunflower and Palm-Oil Refineries in Tanzania

AVES Group expresses interest in establishing oil refineries in Tanzania

AVES Group expresses interest in establishing oil refineries in Tanzania

Tanzania Archives - Daily News

What changed

AVES Group of Companies has expressed interest in building sunflower and palm-oil refineries in Tanzania, after owner Muhammed İdin discussed the proposal with Tanzania’s deputy foreign minister, Dr Ngwaru Maghembe, on November 9, 2026, in Mersin, Türkiye.

The company’s board plans to visit Tanzania in early 2027 to discuss feasibility and implementation. Tanzania says it will support and coordinate the proposal.

Why it matters

The proposal would move more of the oil business inside Tanzania: processing sunflower and palm oil locally, increasing domestic production and creating a possible distribution base for Tanzanian and other African markets.

That matters because the announcement is about infrastructure, not just trade. A refinery can turn locally produced crops into finished goods closer to where they are grown and sold. But this is still an early-stage investment interest. No plant size, site, financing, investment amount or construction schedule has been disclosed, so the board’s 2027 visit is the next meaningful test of whether the idea becomes a project.

Sources (1)
  1. Tanzania Archives - Daily NewsAVES Group expresses interest in establishing oil refineries in Tanzania

Comments

No comments yet.