Strategic shift: TotalEnergies Sells Service stations in Ethiopia and Eritrea
TotalEnergies has made a notable strategic decision too sell its service stations in Ethiopia and Eritrea, marking a crucial change in its operations within the Horn of Africa.This move is set against the backdrop of a rapidly changing energy sector and signifies the company’s ongoing efforts to refine its global portfolio. The implications of this divestiture are expected to be ample for both local fuel markets and the broader economic landscape of these nations. As TotalEnergies aims to optimize its investment strategy, industry stakeholders will be keenly observing developments in this region, which has faced numerous challenges and also opportunities recently. This article explores the motivations behind this sale and its potential repercussions on Ethiopia’s and Eritrea’s energy sectors.
