How is This Young Man Builds a Successful Petrol Station in Tanzania Despite Losing Tzs 80million?
“I lost Tanzanian shillings 80 million in the poultry business. Poultry birds are susceptible and generally suffer viral, bacterial, fungal, nutritional, and parasitic diseases. So all birds died, and I lost all my investment of about Tzs 80 million.
So I was looking for new opportunities. That’s where I came across your publications on petrol station business.”
“The publication informs me on selecting the right petrol station site location, the procedures and process to obtain permits and licenses. It enlighten me on the estimated costs of equipment and project and how to conduct market research.” Jackson Bennedicto Nyamussa, the founder of Otto Oil petrol station, said.
Jackson, now his petrol station business, sells at least 2,500 liters to 3,000 liters of diesel and petrol per day. He shared some advice on building petrol stations with a limited budget.
“What keeps our costs down is that we did some parts of construction on our own such as canopy and storage tanks. We also source all equipment from China which is relative inexexpensive.” He said.
Jackson said the challenge is in the retail fuel sector like any other.
“The biggest challenge we face is intense competition. Our petrol station sits close to sizeable multinational energy companies. They are big boys. They have access to huge financial muscles and experience in the energy business. But we get better everyday,” said Jackson.
Speaking on what motivated him, Jackson says:
“I am currently an employee. But there is a huge investment opportunity. I want to be independent and create employment for the country’s growing youth population.”
Jackson is curious and driven by success.
“I am still determining what the future holds. But my vision is to have a chain of petrol stations nationwide and even be a large LPG distributor.’ He said.
