Kush Bank injects $75M USD into energy value chain

JUBA – The Kush Bank in partnership with AIS Capital Advisors of Kenya on Tuesday injected75M U.S dollars to help South Sudan realize its energy value chain project in 2023.

Ryan O’Grady, Kush Group CEO said the partnership will see AIS and Kush Bank work with Ezra Group on securing 75M U.S dollars in capital for an integrated energy value chain project in South Sudan.

“As a national bank, Kush is looking to go beyond borders, to open doors, and ensure our clients have a full offering of support to meet their needs,” Ryan said in a statement extended to Sudans Post.

“Whether that is access to banking through our digital platform or the arranging of capital solutions on fair terms, our partnerships and our global team reflect the high level of services we offer, and the results we get for our clients speak for themselves.”

Natnael Ghebrengus Ezra of Ezra said the integrated value chain will green up existing generation facilities as well as add 24 MW of power to the grid, and integrate the supply chain.

“Creating a domestic value chain enables us to control costs, deliver power at stable rates, and without interruption,” Nathnael said.

Natnael said the money will be used in the utilization of crude oil and to refine product on-site at the generating facility, with an integrated logistics division to transport crude down the Nile River.

“To do that takes international partnerships and investments. Partnering with Kush Bank we are able to tap the global resources and capital needed to continue to grow our business effectively in South Sudan.”

Leonard Mathu, Managing Director, AIS Capital Advisors reiterated his company is committed to offering long-term partnerships in the development of South Sudan.

“Frontier investing takes partnerships with investors who understand the unique landscape of South Sudan, who are ready to come in for the long-term to develop a nation, and truly get the type of sacrifice and grit required to move these large-scale concepts to operational realities,” Mathu said.

After 15 years of moving concepts to reality, I’m thrilled our firm is partnering with an industry leader such as Ezra and Jedco to develop this innovative concept.”