Puma Expands Energy Sourcing in Malawi, Fueling Business Growth and Diversification
Key Business Points
- Diversification into renewable energy: Puma Energy Malawi aims to expand into alternative and renewable energy solutions, including solar power and Liquefied Petroleum Gas (LPG) for cleaner cooking alternatives.
- Investment in clean energy initiatives: The company plans to continue investing in clean energy initiatives, with 14 sites already connected to solar power and all Puma depots operating with solar energy.
- Growing market share: Puma Energy holds a 23 percent market share in Malawi’s oil marketing industry, positioning itself as the country’s leading oil marketing company, with a retail network expansion from 45 sites in 2011 to 84 across all 28 districts.
New Puma Energy Malawi Managing Director Steveria Kadangwe has unveiled her vision for the company, with a strong focus on expanding into alternative and renewable energy solutions. This move is expected to contribute significantly to Malawi’s economic growth and investment opportunities. Kadangwe, a seasoned professional with a background in working with prominent companies such as Press Corporation Limited and Unilever, joined Puma Energy in 2007 and has held various roles in Malawi and other countries, including Myanmar and Singapore.
As part of the diversification strategy, Kadangwe said Puma Energy Malawi is partnering with businesses by providing space for gas vendors and exploring opportunities to directly supply gas. The company’s overarching goal is to meet customer needs by delivering services safely, reliably, and sustainably. This approach is in line with the company’s kuzimwa kwa kufanana (growth together) philosophy, which emphasizes the importance of working together with local businesses and communities to achieve mutual growth and success.
Puma Energy’s contribution to the national economy is significant, particularly in the aviation infrastructure sector. The company has become the central hub of aircraft fueling, contributing to economic development such as tourism. Currently, Puma Energy is supplying 100 percent of jet fuel at Chileka Airport and Kamuzu International Airport. This ufumu wa nje (foreign investment) is expected to boost Malawi’s economy and create new opportunities for local entrepreneurs.
Across Africa, Puma Energy operates in 16 countries, services over 75 airports and airfields, and manages more than 600 service stations, including those in Malawi. With its strong market presence, Puma Energy is well-positioned to drive growth and development in Malawi’s energy sector. As Kadangwe noted, the company’s retail network has expanded significantly, from 45 sites in 2011 to a countrywide presence of 84 across all 28 districts. This expansion is a testament to the company’s commitment to kugwira ntchito (working together) with local communities and businesses to achieve mutual success.
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