Djibouti raises stakes with Sh20.7b Fuelstor energy hub

Djibouti raises stakes with Sh20.7b Fuelstor energy hub

Djibouti has started the construction of a Sh20.7 billion ($160 million) energy and logistics terminal that could reshape the region’s economic prospects.

Salaam Group’s Fuelstor breaks ground on $160 million energy terminal in Djibouti

DAMERJOG, Djibouti — Fuelstor, a strategic energy and logistics infrastructure company, owned by Salaam Group, has broken ground on a $160 million multi-product terminal in Damerjog, a high-stakes investment designed to anchor Djibouti’s position as the primary energy and logistics artery for East Africa. Salaam Group’s portfolio includes Salaam Bank Uganda, Salaam Investment Bank, Salaam Microfinance Bank in Kenya, and operations in South Sudan…

Salaam Group expands regional footprint with $160 million Fuelstor terminal in Djibouti

DAMERJOG, Djibouti — Fuelstor, a strategic energy and logistics infrastructure company owned by Salaam Group, has broken ground on a $160 million multi-product terminal in Damerjog. The high-stakes investment is designed to anchor Djibouti’s position as the primary energy and logistics artery for East Africa. The facility represents a DJF 30 billion capital injection and spans 22 hectares. It is engineered as an integrated platform for the stora…