Representatives from Kush Bank and AIS Capital Advisors signing a Memorandum of Understanding on capital raising during the South Sudan Oil and Power conference in Juba

Kush Bank, Other Partners Win 75 Million Dollar South Sudan Energy Project

By Editorial team

Kush Bank has been selected by Ezra Group and Jedco to participate in the raising of $75 million in capital for their integrated energy value chain project in South Sudan in partnership with AIS advisors of Kenya and bank investment division in Dubai,UAE.

The project is expected to gather logistics, refine solar energy, and other traditional power generation mechanisms to enable the integrated value chain green up existing generation facilities and add 24 MW of power to the grid.

Ezra group intend to integrate the power supply chain, utilize crude oil from South Sudan and refine product on site at the generating facility, with an integrated logistics division to transport crude oil down the Nile River.

“We are moving to embrace more strategic sectors of the economy and one of those is power. Today we have concluded a partnership for capital raising in a formal manner with a Kenyan firm that has a track record of raising over $1 billion for projects such as what we are raising today,” stated Kush Bank Ag. CEO, Ryan O’Grady,

Rayan added that as a national bank, their aim is to go beyond borders opening doors and ensuring that their clients get full supports from them to meet their needs.

Natnael Ghebrengus Ezra of Ezra group stated, “Creating a domestic value chain enables us to control costs, deliver power at stable rates without interruption. To do this takes international partnerships and investments. Our partnership with Kush Bank will enable us tap the global resources and capital needed to effectively continue expanding our business in South Sudan.”

Leonard Mathu, Managing Director, AIS Capital Advisors, revealed that frontier investment takes partnerships with investors who understand the uniqueness of their destinations noting that after 15years of moving concepts to reality, he is thrilled by partnership between his firm and Ezra and Jedco to develop this innovative concept.

“As a national bank, Kush inspires to create full time access 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,” added O’Grady.

The partnership will see AIS and Kush Bank work with Ezra Group on securing approximately $75 million in capital to realize their energy value chain project in 2023 through international investors from the private and institutional sectors.

Kush bank and other partners signed $105 million deal in which they are charged with developing a domestic energy value chain in Juba that will cultivate 24MW of power through an integrated value chain with capacity of moving oil down the Nile directly to local power facilities, putting in functional  mini refineries ,” concluded O’Grady. 

Facebook Comments Box