38-YEAR OLD ENTREPRENEUR BUILT A $1 BILLION ENERGY CONGLOMERATE IN GHANA

Kevin Okyere is the Founder and Chief Executive Officer of the Springfield Group. He is a dynamic, astute entrepreneur gifted with skills in business strategy, finance and negotiations for the development of high-end commercial and developmental projects.


Kevin began breaking glass ceilings at a young age in line with his vision of aiding the sustainable development of Ghana through contributions to the economy. He began his entrepreneurial journey in the Telecommunications industry in Ghana with a focus on equipment evolution, network design and operations, and information technology.

He has established and managed multiple successful businesses over the past 10 years, some of which now form part of the Springfield Group. He established Springfield Energy in 2008 when he spotted an opportunity in the Ghanaian oil and gas sector for an independent local company. The company has since grown to be one of the leading energy actors in Ghana.

Kevin is also the visionary and driving force behind Springfield Exploration & Production Ltd, the first and only independent Ghanaian company to be awarded an oil block in Ghana.

He led the venture of Springfield into Nigeria, Africa’s largest oil market, by setting up Springfield Ashburton Limited in 2011. Springfield Ashburton is to date, the only Ghanaian company to be involved in energy-related trade out of Nigeria.

Kevin is a great philanthropist who continues to support many individuals to access healthcare and education from the basic to tertiary levels.

Kevin Okyere is 38, and runs an energy conglomerate which generates $1 billion in revenues every year.

The company Springfield Group, owns about 82% interest and operatorship in the West Cape Three Points Block 2 offshore Ghana (WCTP2), according to Forbes.

Okyere speaks to Forbes’ Mfonobong Esehe about his journey, investing $70 million in an oil-exploration company, and running the first homegrown Ghanaian company exploring for oil.

“We can’t afford to fail. I mean, we’re the first Ghanaian company to venture into oil exploration. We are in a unique position to set a precedent for indigenous companies looking to participate in the upstream sector. If we succeed, then we’d have sent a strong message – that Ghanaians are just as capable. That’s really important to me,” he says.
Springfield Group is also involved in trading and transporting hydrocarbons, terminalling and storage, gas stations, and recently, oil exploration.

Okyere was born to a wealthy family in Ghana’s Ashanti region but that didn’t stop him from working to earn his own money.

His father was a construction, steel manufacturing and large-scale cocoa farming mogul.
At age 11, he says: “I would often put water in our chest freezers at home, and then sell the iced water to the supporters watching the games in the Stadium. Everyone used to call me ‘Eddie Murphy’ in reference to the movie, ‘Coming To America’. The movie was quite recent in Ghana at the time. They used to wonder why I was working when my father was wealthy”.

After his high school education in Ghana, Okyere went to George Mason University to study Accounting, and worked several jobs as he studied. “Anything legitimate that could earn me money, I took it,” he said.

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Oludare J. Olusan
Oludare J. Olusan 246 posts

Publisher, Entrepreneur, Author and founder of The African portal.

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