Kush Bank has signed agreement with Orus Consulting aimed at promoting private -sector led growth in the nascent energy sector in the country.
The deal was reached at the just concluded two-day South Sudan Oil & Power (SSOP) conference held in Juba from September 13th till 14th.
According to the statement seen by the Dawn, Kush Bank PLC and Orus Consulting Limited, said their strategic collaboration is in the areas of energy, agriculture, and telecom sectors.
It said Kush Bank PLC, a leading national bank in South Sudan and Orus Consulting Limited, an indigenous South Sudan advisory firm will work closely to boost investment opportunities across the country.
“The advisory and research firm possesses knowledge and experience in strategic advisory and positioning as well as being skilled in creating strong partnerships domestically and internationally -therefore the new partnership promotes socioeconomic development for South Sudan. This contributes to nation-building for all the South Sudanese,” it said.
The MoU was signed by Kush Bank Acting CEO, Ryan O’Grady, and Orus Consulting Managing Partner, Akol Nyok, Akol Dok, on the second day of SSOP 2022 in Juba.
It disclosed that the two companies will work to promote investment in the country, while encouraging other private and indigenous companies to seize opportunities across the emerging market.
“We have just signed a deal to cooperate and promote investment in South Sudan, regional and international markets. The biggest thing we have as indigenous companies is that we don’t promote the energy sector in South Sudan. So, we are going to work together to promote opportunities in the energy, agriculture and telecommunications sectors,” Akol Dok said.
Kush Bank is currently offering retail and commercial banking products across the country from six branches, with another 3 branches in development in 2022.
The bank offers a full suite of banking products, including individual, commercial, humanitarian, investment services, and advisory products.