An energy and infrastructure conglomerate, Sahara Group, has announced that it is set to invest more than US$1bn to improve access to Liquefied Petroleum Gas across developing economies on the continent of Africa.
This is part of the firm’s long-term mission to aid and enable the continent’s transition to greener sources of energy.
Sahara Group’s Executive Director Temitope Shonubi made this announcement at the African Refiners and Distribution Association conference 2021 which took place in South Africa.
During this event, Mr. Shonubi delivered a presentation on the place of LPG in Africa’s energy transition.
“Sahara, through its subsidiary, WAGL Energy Limited is already working towards investing US$1bn to ramp up its LPG fleet and terminal infrastructure over the next five years. In addition to the vessel fleet, Sahara is in the process of building over 120,000 metric tonnes of LPG storage in 11 countries,” he said.
He indicated that the nations currently earmarked for the storage tanks include Nigeria, Senegal, Ghana, Cote d’Ivoire, Tanzania, and Zambia, whose process has commenced, while five others are currently in the preliminary stage.
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