The African Energy Chamber (AEC), an organisation that brings together governments and businesses in order to ensure the growth of the continent’s energy industry, has encouraged private sector players to invest in South Sudan’s growing oil and gas sector.
In a recent statement, the Chamber said that African private sector participants have an “amazing opportunity to invest in South Sudan’s peace and make huge profits.”
This week, the African Energy Chamber will join South Sudan’s Nhial Deng Nhial, Minister of Foreign Affairs and International Cooperation and Salvatore Garang Mabiordit, Minister of Finance and Planning, for a global investment summit in Johannesburg, South Africa.
At the event, South Sudanese Cabinet Ministers and business leaders are set meet with the African Energy Chamber and other investors at the Sandton Convention Centre in Johannesburg on April 24th, thereby closing a four-city global investment drive that previously took them to Washington, New York and Dubai.
The delegation is made up of South Sudan’s Agriculture and Food Security Minister Onyoti Adigo Nyikwec, Mining Minister Gabriel Thokuj Deng, South Sudan Investment Authority Secretary General Dr. Abraham Maliet Mamer, Nilepet Managing Director Dr. Chol Thon Abel, and South Sudan Petroleum Commission Chairman Amb. Ceasar Marko.
In its statement, the African Energy Chamber commended regional lender, Afrexim Bank for providing a $500 million financing facility to fund power transmission, infrastructure and agricultural projects in the region.
“We also commend President Cyril Ramaphosa and his Energy Minister the Hon. Jeff Radebe for committing $1 billion in oil and gas an infrastructure projects in South Sudan. These bankable deals should be closed quickly as it will create opportunities for both the South African and South Sudanese people,” the Chamber added.
“We are hopeful that the arrival of the South Sudanese delegation to South Africa will result in even more investment deals being announced,” said Centurion Law Group CEO and AEC Executive Chairman NJ Ayuk.
“Johannesburg is the financial capital of Africa and I am bullish that we will be able to raise more money to secure and promote lasting peace and investment in South Sudan,” he continued.
The Chamber believes South Sudan’s leadership also has an obligation to creating an enabling environment of investors to put more money into the country.
The AEC stated that it will proudly and vigorously support South Sudan and its people in this endeavor.
“But we will reject narrow agendas wherever they come from and put the country first. We call upon all of African Energy Investors and corporate leaders to do the same. The Chamber will stand squarely with those who do,” the organisation concluded.