Francis Koome Njogu is a prominent Kenyan billionaire businessman from Meru, widely recognised for his leadership role in the energy sector and his association with Gulf Energy Holdings.
Njogu is listed among Kenya’s billionaires following the growth and valuation of Gulf Energy, one of the country’s most influential privately owned energy companies.
Having primarily served in executive leadership roles at Gulf Energy Ltd, a key Kenyan energy firm, Njogu Koome’s documented positions centre on CEO and director capacities, spanning over 15 years.
Career and Business Life
Francis Koome Njogu led Gulf Energy, a Nairobi-based firm incorporated in 2005.
The company was established to provide bulk oil supplies, initially serving institutional and commercial clients.
Over the years, Gulf Energy expanded into oil marketing and integrated energy solutions, extending its operations across East and Central Africa.
Under Njogu’s leadership, Gulf Energy grew into a major player in fuel importation, storage, and distribution.
The company’s expansion and strategic positioning attracted international interest. Rubis, a French multinational energy group, acquired a majority stake in Gulf Energy Holdings.
The transaction is regarded as one of Kenya’s most significant private-sector energy deals and substantially increased the value of shareholder holdings.
In the public investment advisory space, Njogu was appointed in 2022 by President William Ruto to the National Investment Council.
The council advises the government on high-value, strategic, and transformative investments, including large domestic and foreign projects.
Wealth and Worth
Confirmed businesses and investments associated with Francis Koome Njogu, besides Gulf Energy Holdings, are as follows:
Alba Hotel (Meru Town)—A luxury hotel in Meru County owned by Francis Koome Njogu, operating in the hospitality sector.
Noora Power Limited – Njogu is recorded as owning 50% of Noora Power Limited, a power supply company with interests linked to Gulf Power Limited.
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Gulf Power Limited—Through his ownership in Noora Power Limited and associated structures, Njogu is linked to Gulf Power Limited, a company with contracts to supply electricity.
Amu Power Company (Coal Power Venture) – Francis Njogu is listed as a director in Amu Power Company, a joint venture between Gulf Energy and Centum Investments focused on power generation (coal-based).
Njogu’s wealth is primarily derived from his equity interests and executive role in Gulf Energy Holdings.
The sale of a controlling stake to Rubis Energy significantly increased the company’s valuation, translating into substantial capital gains for shareholders.
Additional wealth is linked to strategic energy investments and consortium-led acquisitions in the oil sector.
There is no officially disclosed or independently audited figure for Francis Koome Njogu’s net worth.
However, wealth-tracking and business publications list him among Kenya’s billionaires, with estimates placing his fortune in the multi-million to billion-shilling range.
Francis Njogu’s Key Roles at Gulf Energy
As an executive at Gulf Energy, Njogu has held the following positions:
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- Chief Executive Officer (CEO) since around 2010, overseeing operations in bulk oil supplies across East and Central Africa.
- Group Chief Executive and Managing Director, leading strategic expansions including fuel imports and energy solutions.
- Listed as a current director alongside Paul Kiprotich Limo in the Registrar of Companies records, even post-2019 Rubis acquisition.
In 2025, Francis Njogu was linked to a Gulf Energy-led consortium the acquired Tullow Oil’s Kenyan assets.
The assets are connected to Kenya’s onshore oil developments and form part of the country’s long-term petroleum and energy strategy.
The transaction positioned the consortium as a key stakeholder in Kenya’s emerging oil sector.
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