Sahara Energy Resource Limited (Isle of Man) (“Sahara”) announced the closing of an unsecured and committed revolving credit facility (RCF) of US$225 million. This facility was largely oversubscribed, showing the confidence of the international financial community in Sahara's economic model, performance and strategic vision, which aims to provide

This new facility, which is largely oversubscribed, testifies to the confidence of international investors in Sahara's operating model and long-term sustainable development strategy. This is not just a financing agreement: it is a tell-tale sign of the ability of African energy companies to become increasingly bankable and trusted players globally in the era of green growth

Backed by a syndicate of 19 international and regional banks, the credit line will support Sahara's trade finance activities, working capital and operations, including initiatives in line with environmental and energy sustainability goals. At the head of the financing syndicate were ING Bank, UBS Switzerland AG, UBS Switzerland AG, Natixis CIB, the Banque Internationale de Commerce — BRED (Suisse) SA and the African Export-Import Bank (Afreximbank), acting as mandated lead arrangers. Several banks in Africa and the Middle East, including ABSA Bank (South Africa), Ecobank, Nedbank, and Ghana International Bank, have joined or renewed their commitment to the facility, demonstrating regional cohesion in supporting the continent's

For Africa, the implications are considerable. Sahara Energy, whose activities cover oil, gas, power generation and infrastructure development, is increasingly anchoring its activities in sustainable practices, whether by reducing its emissions through better logistics or by integrating renewable technologies into its operations.