Sahara Group ( “Sahara” or the “Group”) is a leading African energy and infrastructure conglomerate headquartered in Lagos, Nigeria. Since its founding in 1996, the Group has grown into a vertically integrated platform operating across the upstream, midstream, downstream, and power sectors, with a presence in more than a dozen African and international markets.

Sahara Energy Resource Limited is the Group’s principal trading arm and the counterparty for IFC’s investment. The Company’s operations span LPG vessels, storage facilities under development, gasoline blending assets, and a broad trading footprint across Africa. For the LPG terminals, Sahara will use dedicated SPVs in each of the four project countries.

LPG Infrastructure Investment: IFC will provide up to US$150 million including US$100 million IFC A-Loan and up to US$50 million in mobilization to support Sahara’s LPG infrastructure expansion across Ghana, Nigeria, Kenya, and Tanzania. The overall capital cost of the multi-country program is estimated at US$218–347 million, covering the development of four new LPG storage terminals through country-level SPVs.

Trade Finance Participation: In addition, IFC will participate with up to US$105 million in multiple trade finance facilities arranged by commercial banks to support Sahara’s procurement, shipments, storage, and distribution of oil and gas products (LPG, LNG and other refined petroleum products) across Sub-Saharan Africa, and the Company’s general working capital needs.

The Project spans four African countries for the LPG infrastructure component and multiple African countries under the trade finance component.

Infrastructure Sites:

• Tema, Ghana – 6,000 MT
• Apapa, Nigeria – 15,000 MT
• Mombasa, Kenya – 30,000 MT
• Dar es Salaam, Tanzania – 6,000 MT

Trade Finance Footprint:

• Côte d’Ivoire
• DRC
• Gabon
• Guinea Conakry
• Kenya
• Nigeria
• Senegal
• Sierra Leone

and other African markets per facility utilization