Trinity Holdings, Afreximbank to eradicate hunger in South Sudan

Trinity Holdings, Afreximbank to eradicate hunger in South Sudan

African Export and Import Bank (Afreximbank) and Trinity Holdings will procure food items to South Sudan to help fight hunger and starvation.

This effort came as a follow up of a memorandum of understanding signed by the government of South Sudan and the government of Malawi, to curb food insecurity in South Sudan.

The General Manager of Trinity Holdings, Chandra Kumar said the project was vital as basic commodities will be transported to South Sudan to mitigate impacts of COVID-19 Pandemic and the war in Ukraine- the major factors for higher commodity prices.

“Concerning food scarcity, the government of South Sudan and the government of Malawi, have signed a memorandum of understanding for supply of food from Malawi to South Sudan. In this we have ordered food items like maize flour, beans, rice, sugar, tea leaves and all those commodities,” said Kumar.

“Moreover, this will be financed by Afreximbank, which has got its headquarter in Cairo, and in Malawi there is export development fund working under Afreximbank, so they will be able to finance to the supplier from Malawi, and they will transport it to South Sudan.”

He noted that Trinity Energy and Afreximbank whose office in Malawi will coordinate this effort would be the target implementers with Trinity Holdings as the exhibitor of the project.

“In these two memorandums of understandings, Trinity Holdings is the exhibitor of this project, which means they will be able to bring food from the supplier from Malawi and this will help people of South Sudan meet their fundamental goal so that hunger and starvation can be eradicated. So this is a government to government agreement, and for that purpose only, we have come here, to sit down with Afreximbank to revitalize this agreement,” the Trinity Holdings General Manager stated.

He noted that the Afreximbank Relationship Manager, in Cairo, Egypt promised to coordinate the process with their offices in Malawi for the pace to be set on time, and that they would coordinate with the government of South Sudan, basically the Ministry of Trade, to accelerate the process to save lives of citizens affected by natural catastrophes.

“During the meeting, the outcome was like, Afreximbank relationship manager agreed to formulate all the facility arrangement so that this food can be released to South Sudan. The MOU is signed, the agreement is what we are working on it.

Trinity Holdings is one of the shareholders of Afreximbank which had been running a number of projects in the country.

These include road construction project in Nimule, the Juba International Airport renovation projects as well as social services to the youth and women in Central and Eastern Equatoria State.

On Thursday, representatives of financial institutions across Africa called on the President of Arab Republic of Egypt, Abdel Fattah El-Sisi and other African Heads of States to render full support to Afreximbank to be the backbone of economic, social and infrastructural developments in Africa by pressing on with intra-Africa trade idea of Africa Continental Free Trade Area (AfCFTA) which was the major aim of the current Afreximbank Annual Meeting 2022 (AAM 2022).