Puma’s Future Energies business launches solar projects for its retail stations

GHANA – Puma Energy’s newly established Future Energies business, a fuel retailer, has launched 11 solar projects at its retail stations and a further three at Puma Energy’s terminals in Ghana. The combined solar and battery power systems at the 14 service stations and terminals are part of the company’s Future Energies wider business plan to roll out renewable energy projects around the world. This is part of its plan to reduce its own carbon footprint and support commercial customers in Ghana as they seek to decarbonise and reduce their…

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Trafigura to buy Angolan general’s stake in Puma Energy

ANGOLA – Global commodities trader Trafigura is in advanced talks to buy more than 10% of an Angolan general’s stake in its fuel retail arm Puma Energy by the end of the year. Retired general Leopoldino Fragoso do Nascimento, known as General Dino, holds a 15% stake in Puma via his company Cochan Holdings. Trafigura holds 49% and Angola’s state firm Sonangol 28%. Puma’s shareholding structure was put together under Trafigura’s former CEO and founder Claude Dauphin, who was close to the former ruling Angolan elite. However, the Swiss firm’s…

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