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Kenya has leased state refinery land in Mombasa to Sahara Group's Asharami Synergy for 31 years, in a gas terminal deal now facing parliamentary scrutiny.
Sahara Power targets 6,500 to 7,000 megawatts in three to five years, backed by policy reforms, debt repayment and new energy investments.
Tope Shonubi’s Sahara Group ramps up oil output plans to 350,000 barrels per day with seven new rigs driving Nigeria’s upstream growth.
A Lagos court has cleared FBNQuest Trustees to appoint a receiver over Tope Shonubi’s KEPCO, opening the way to seize key power assets.
The agreement was reached during a recent meeting between Sahara Group’s leadership team and NNPC’s Group CEO.
This win pushes aside the state-owned Kenya Pipeline Company (KPC) and challenges the expansion plans of Tanzanian energy giant Lake Oil, owned by Ally Edha Awadh.
Shonubi is a co-founder and CEO of Sahara Group, a conglomerate with oil production, electricity generation, and oil trading operations.