Nairobi-based trade and projects finance advisory firm Benchmark Solutions has secured $90 million (about Sh9 billion) in funding for the government of South Sudan to support the country’s 2018/19 budget.
The two-year trade finance facility structured by Benchmark Solutions was advanced by Africa Export and Import Bank (Afrexim Bank) and will be repaid from the oil revenues guaranteed by Trinity Energy Limited, a South Sudanese company specialising in petroleum products and related services.
“We are honoured to be working with the government of South Sudan and indigenous private sector companies in South Sudan at this critical moment,” said Benchmark CEO Laura Akunga.
South Sudan, Minister of Finance Salvatore Garang Mabiordit said the funds would be used for facilitating trade and developmental projects.
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