Sahara Group stakes corporate venture claim

Aug 2, 2013 • Adebola Daramola

Nigeria-based energy conglomerate Sahara Group has created a new unit, Sahara Infrastructure Development and Venture Capital.

Sahara Group, a Nigeria-based diversified energy sector conglomerate, has created Sahara Infrastructure Development and Venture Capital (SIVC), in order to explore infrastructure and innovative opportunities in Africa and Middle –East.

SIVC is sector-agnostic and will act as an independent investment vehicle for both fund managers and the Sahara Group itself.

Chinedu Okpareke has joined SIVC as deputy managing director and chief operating officer. Okpareke is an investment professional and angel investor within Nigeria’s startup ecosystem. His previous positions include IS project manager…

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