The Sahara Group has joined the African Energy Week 2023 conference and exhibition as a bronze sponsor, demonstrating the company’s commitment to sustainable energy solutions.
Africa’s energy value chain is ripe with opportunity and as countries make great strides towards expanding their respective energy markets, companies to the likes of Sahara Group – an international energy and infrastructure conglomerate – will play an integral part in increasing investment and scaling-up development across a variety of key sectors.
Sahara Group has consistently demonstrated a passion for pioneering creative solutions in energy provision, and the African Energy Chamber (AEC) is pleased to announce the company’s participation as a Bronze Sponsor at this year’s African Energy Week (AEW) 2023 conference and exhibition. Scheduled to take place October 16–20 in Cape Town, Sahara Group’s sponsorship reaffirms the company’s commitment to driving sustainable growth and innovation across the African energy sector.
Through continuous investments in people, technology, strategic acquisitions, and expansion initiatives, Sahara Group is at the forefront of delivering energy solutions wherever they are needed. The conglomerate actively promotes global sustainable development and business transparency and its collaboration with multilateral organizations and key stakeholders worldwide underscores its dedication to fostering responsible and ethical business practices. Currently, Sahara Group is active in over 42 countries worldwide and the company’s influence has extended into diverse sectors, including upstream, midstream, downstream, power, and infrastructure development.
Sahara Group’s impressive achievements speak volumes about its global impact and commitment to excellence. With consolidated revenue exceeding $10 billion, Sahara Group has demonstrated its financial prowess and stability. The company’s successful closure of transactions valued at over $12 billion underscores its ability to navigate complex business landscapes while its substantial storage capacity of 506 million liters ensures reliability in energy supply chains. In Africa, the company is a competitive independent E&P player, with eight oil and gas assets in several prolific basins continent-wide. At various stages of development, these assets underscore the company’s commitment to Africa’s oil and gas future.
Notably, the conglomerate recently invested $142 million in two Liquefied Petroleum Gas (LPG) vessels in Nigeria and Africa. Each vessel, valued at $71 million, will boost the group’s efforts to provide safe, reliable, and sustainable access to LPG, a cleaner energy source. Sahara Group, through Sahara Energy, has stakes in four vessels registered under West Africa Gas, demonstrating its dedication to cleaner energy solutions in the region.
Meanwhile, the Sahara Group’s impressive 1,861 MW of installed power generation capacity contributes significantly to energy accessibility. As ISO 9001 and IATA-certified strategic partners, the company upholds industry-leading standards. With over 16.73 million metric tons handled, Sahara Group’s strategic industry certifications validate their operational excellence. Additionally, Sahara Group is working towards a target crude oil production of 100,000 barrels per day, showcasing its dedication to driving energy self-sufficiency and economic growth.
With a keen focus on engaging youth in the dynamic energy sector, Sahara Group has also partnered with the University of Nairobi. This strategic alliance aims to empower and involve more young Kenyans in the nation’s march towards sustainability. The collaboration will center on providing students with opportunities for active involvement in mainstream sustainability initiatives, signaling a significant step towards a more environmentally conscious and sustainable future for the nation.
“Sahara Group has demonstrated time and time again a commitment to driving innovation, fostering growth, and supporting the vital discussions and initiatives that will shape Africa’s energy future. As the continent’s energy sector grows, companies to the likes of Sahara Group are poised to be at the forefront of progress,” states NJ Ayuk, Executive Chairman of the AEC.
At AEW 2023, Sahara Group is positioned to lead transformative discussions and catalyze meaningful change within the African energy landscape. Attendees can anticipate Sahara Group’s proactive involvement as a Bronze Sponsor, which promises to enhance the event and shape the discourse around Africa’s energy landscape.
AEW is the AEC’s annual conference, exhibition and networking event. AEW 2023 will unite African energy policymakers and stakeholders with global investors to discuss and maximize opportunities within the continent’s entire energy industry. For more information about AEW 2023, visit https://aecweek.com.