Afreximbank’s ACMA department mandated as exclusive advisor for South African Suiso Project

As financial advisor, Afreximbank’s Advisory and Capital Markets (ACMA) role will involve leveraging its network to mobilise the US$1.7bn capital needed for the project’s execution

The project, a transformative coal-to-fertiliser facility to be built in Kriel, South Africa, aims to promote sustainable agriculture. Cutting-edge fertiliser technologies will be used, including air products gasification, with the expectation on enhancing food security within the region.

Supported by a consortium of leading energy and industrial companies, the project represents a significant investment in South Africa’s industrial agriculture future with the aim of reducing dependency on imported fertilisers.

Suiso was recently formed to focus on the manufacture of ammonia and fertiliser using a fossil-fuel gasification process. The intention is to build a more resilient and sustainable agricultural market across Sub-Saharan Africa with more efficient fertiliser application rates and a reduction in greenhouse gas emissions.