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Sahara Group Strengthens Downstream Business with Strategic Leadership Appointments

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Sahara Group

Underpinned by a commitment to bring energy to life responsibly, Sahara Group’s recent slate of appointments promise new opportunities for energy access and distribution in Africa

JOHANNESBURG, South Africa, June 4, 2024/APO Group/ — 

International energy and infrastructure conglomerate Sahara Group has announced a series of strategic appointments aimed at advancing the expansion of the group’s downstream business in Africa. Foluso Sobanjo has been appointed as the company’s Head: Africa Downstream while Yaa Serwaa Alifo has been appointed Head: Sahara Downstream in Ghana. Additionally, Nomnso Dike has been appointed as CEO of Sahara Group Nigerian subsidiary Asharami Synergy Limited while Yvette Selormey has been appointed Country Manager of Sahara Group Zambian subsidiary Asharami Energy Resources Limited. 

Representing the voice of the African energy sector, the African Energy Chamber (AEC) commends the efforts by Sahara Group to not only strengthen its downstream operations but build a leadership team that is committed to alleviating energy poverty in Africa. The appointments signal a new era of company growth and the AEC looks forward to seeing new projects and infrastructure developed by Sahara Group.

The recent slate of appointments underscores the group’s commitment to improving operational efficiency and delivering both successful and sustainable projects

As one of Africa’s largest private power businesses, Sahara Group has made great strides towards developing downstream infrastructure in Africa. The company operates a number of power generation and distribution assets in sub-Saharan Africa, facilitating trade and energy distribution and supporting economic growth. Currently, the group has over 1,861 MW of installed power generation capacity and aims to expand its generation capacity to over 5,000 MW by 2026. In 2024, the group installed 15 wind turbines at the Egbin Power Plant in Nigeria. The turbines will not only improve power supply but reduce emissions across the generation industry. In 2023, the group installed 24 solar panels and 24 batteries at an orphanage in Senegal;

Sahara Group – through its various subsidiaries – also promotes the adoption of sustainable oil and gas solutions to meet Africa’s energy needs. Through Asharami Synergy PLC, the group has gained over two decades of expertise in the downstream industry and has emerged as a top aviation fuel supplier in West Africa. The company is responsible for 24% of Nigeria’s aviation fuel supply and a sizeable share of the country’s premium motor spirit demand. Additionally, the group is a strong advocate for the adoption of market-based regimes in Africa to support the development of gas. The group has invested $142 million in two LPG vessels in Nigeria. Valued at $71 million each, the vessels have already bolstered the group’s capacity to deliver reliable and sustainable access to LPG in the country.

Meanwhile, Sahara Group has demonstrated a commitment to capacity building and skills development. The group collaborated with tertiary institution Pan-Atlantic University in Nigeria in May 2024 to drive human capital development in the power sector. The parties will exchange knowledge and conduct programs in engineering to support power-related skills development. The group also partnered with the University of Lagos in Nigeria in May 2024 to strengthen research in renewable energy and foster entrepreneurship. The appointment of the new leadership team will not only support project development by the company but support programs such as these as Sahara Group moves to train the next generation of energy entrepreneurs in Africa.

“Sahara Group has built a team that is deeply rooted in the industry and Africa – but not limited to it. The recent slate of appointments underscores the group’s commitment to improving operational efficiency and delivering both successful and sustainable projects. The AEC commends the leadership of Sahara Group and looks forward to witnessing the company grow from strength to strength,” stated NJ Ayuk, Executive Chairman of the AEC.

Distributed by APO Group on behalf of African Energy Chamber.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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