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BUSINESS: Sahara Group out to invest in South Sudan’s energy sector

August 29, 2019 South Sudan NEWS PORTAL

Sahara Group eyes South Sudan's oil and gas sector
Sahara Group eyes South Sudan’s oil and gas sector. Photo: Naija Metrics

(JUBA) SAHARA Group has announced a resolute decision to contribute to the growth and development of South Sudan’s economy through investment in the oil and power sectors.

Sahara Group is a leading international energy and infrastructure conglomerate with operations in over 38 countries across Africa, Middle East, Europe and Asia.

The energy conglomerate’s executive director, Tope Shonubi, made the assertion during a courtesy call on South Sudan’s President, Salva Kiir Mayardit, at the State House in Juba last week.

He said Sahara Group was “firmly behind” the South Sudan administration’s policy requiring all local and foreign investors to align with the nation’s good governance protocol in all sectors of the economy.

“Sahara Group has a track record of good governance that is widely acclaimed across various markets where we operate in Africa, Asia, Europe and the Middle East. We are behind full compliance with all governance requirements in South Sudan,” said Shonubi.

Shonubi said his conglomerate would also contribute to projects designed to enhance sustainable development in South Sudan through the Sahara Foundation, which had since upgraded the computer centre at the University of Juba with modern equipment.

Following the intervention, the centre now boasts a better learning ambience, brand new computers, central UPS and server, air conditioners, roof-mounted projector and furniture.

South Sudan’s petroleum minister Awuou Daniel commended Sahara Group’s partnership role in the country, noting that Sahara Energy had continued to make good on its interest in the energy sector and power plant projects through ongoing investments and collaboration with the ministries in charge of the sectors.

South Sudan sits on over 3.5 billion barrels of proven oil reserves, the third largest in sub-Saharan Africa, 70 per cent of its territory remains under-explored.

To boost exploration, the country plans to launch a much-awaited petroleum licensing round at the upcoming (October 9) Africa Oil & Power conference in Cape Town.

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