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Kevin Okyere Shares His top Secrets to Success |Biography, Net Worth, Impact on Africa|

Автор: The Profiler

Загружено: 2022-10-01

Просмотров: 8292

Описание: Kevin Okyere was born in 1980 to an affluent family in Ghana’s gold-rich Ashanti region. His father had built a substantial fortune in construction, steel manufacturing, and large-scale cocoa farming before he was enstooled as a traditional chief.
Okyere displayed entrepreneurial promise at a very young age. By the time he was 11, he was already selling iced water to football supporters in the Kumasi Sports Stadium to make extra pocket money. During his family’s annual summer vacation trips to London, he would take on jobs with textile companies in the U.K.

EDUCATION
After completing his High School education in Ghana, he proceeded to the United States where he studied Accounting at George Mason University in Virginia. While studying, Okyere worked several jobs at varying points – caring for mentally challenged patients at their homes, working as a security guard, and at one point working in the mailroom at AOL.

ENTREPRENEURSHIP
A year after working for his sister, he put together a small team of investors and established Westland Alliance Ltd, a telecoms company that provided international call routing services for AT&T and several international calling card companies.
Westland Alliance and its subsidiaries eventually diversified into cell towers and value-added services (VAS) for mobile phone companies. The company was extremely successful, but it wasn’t long before he got tired of the telecoms business and decided to opt-out. In 2006, while still running Westland Alliance, Okyere started working with a business acquaintance who supplied crude oil and condensates to the Tema refinery.
As Okyere interacted frequently with this associate, he learned that there was a shortfall of storage facilities for petroleum products in Tema. Flush with cash from his telecom adventures, he acquired land and began building a storage tank farm in Tema, close to the refinery.
When he invited officials from Ghana’s National Petroleum Authority to inspect his construction project, they were so surprised that someone so young – he was 26 at the time – was undertaking such a capital-intensive project, and employing scores of indigenous Ghanaians. The officials were so impressed with what he was building, so much that they asked him to apply for a Petroleum Product import license.

PHILANTROPY
When he is not building Springfield Group into Ghana’s dominant energy company, Okyere devotes his time to philanthropy. His Kevin Okyere Foundation in partnership with the Springfield Group supports programs in education and health across Ghana.
The Foundation has a standing agreement with the largest government-owned hospital in the country whereby the foundation funds the hospital bills of poor patients who cannot afford to foot their bills. The foundation pays the school fees of hundreds of Primary school children in Ghana, and he sends some of the country’s brightest students to Universities in North America and Europe.

SPRINGFIELD GROUP
That marked the genesis of Springfield Energy’s flagship trading business. Ever Since 2008, Springfield Energy has imported refined petroleum products such as gasoline, dual-purpose kerosene, gasoil, naphtha, and jet fuel to Ghana. The company is now the dominant importer of fuel products into Ghana with revenues of more than $1 billion in its trading business alone.
Springfield Group has consistently plowed its profits from its core trading business into building and acquiring other businesses within the energy value train and now co-owns gas stations in Ghana, storage facilities, an oilfield services subsidiary, and a haulage company. In 2011, looking to expand their business beyond Ghana, Okyere and his partner, Geena Malkani, decided to visit neighboring Nigeria to explore opportunities in the downstream space.

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