Sahara LPG

pending

The proposed IFC investment supports Sahara Energy Resource Limited (“SERIOM” or “the Company”) in implementing a multi-country LPG infrastructure expansion program and strengthening access to trade finance for trading and delivering LPG and refined products across Sub-Saharan Africa. The Project comprises two integrated components: (i) Long-Term Project Finance – LPG Storage TerminalsIFC will support the development of four greenfield LPG storage terminals located in:Tema, Ghana (6,000 MT)Apapa, Nigeria (15,000 MT)Mombasa, Kenya (30,000 MT)Dar es Salaam, Tanzania (6,000 MT)Sahara will use special purpose vehicles (“SPVs”) in each country to implement these assets, which address major storage gaps, reduce logistics costs, and expand access to clean cooking fuels. (ii) Participating as a lender or risk participant in Trade Finance FacilitiesIn parallel, IFC will participate in trade finance facilities arranged by commercial banks to support the Company’s procurement, shipments, importation, storage, and distribution of oil and gas products (LPG, LNG and other refined petroleum products) across Africa and working capital needs.. These facilities help ensure reliable and competitive energy supply across multiple African markets. Together, the long-term project finance component and the trade-finance participation will create a unified financing package that expands LPG access, strengthens supply chains, and promotes energy security in Sub-Saharan Africa.