CTC Global Names Enos Banda Managing Director

IRVINE, Calif.--(BUSINESS WIRE)--Today, CTC Global announced that Enos Banda has been named Managing Director. In this newly created position, Mr. Banda will lead the development and delivery of customer and asset financing offerings to CTC Global’s current and future customers. He will report to J.D. Sitton, CTC Global’s Chief Executive Officer.

Mr. Banda joins CTC from Anergi, an African energy company he helped establish where he served as Chief Executive Officer. Mr. Banda has been active in the African energy and infrastructure and investment banking markets. He served as a senior executive with Eskom, the largest African utility and as an entrepreneur / founder of Freetel, an investment holding company with interests in telecoms and other sectors operating in South Africa and as an investment banker covering Africa with Credit Suisse First Boston and HSBC. J.D. Sitton stated: “Access to financing will enable many critical electric transmission projects to move forward helping millions of lives to be transformed.” Mr. Sitton continued, “Enos Banda is an accomplished entrepreneur and businessman with an excellent understanding of capital markets and infrastructure financing. He will work closely with CTC Global’s team, its partners and customers to arrange financing solutions so that important projects can be put into service more quickly.”

Mr. Banda’s 20 plus years of experience in the finance, energy and infrastructure sectors include multiple management roles with increasing responsibilities in a range of operations in Africa, and Europe. Mr. Banda said: “Utility companies around the world are reassessing project priorities due to pandemic-related budget constraints. I am excited by the prospects of working with CTC Global and its partners to put together financing packages that enable critical transmission projects to be completed.”

About CTC Global:

CTC Global is the privately held developer, marketer and manufacturer of the patented carbon fiber composite core used in ACCC Conductor the high performance, high voltage power line solution. CTC Global serves utility and industrial companies around the world and has provided core used in over 800 projects totaling over 100,000 kilometers of power line conductors. CTC Global is headquartered in Irvine, California. Visit www.ctcglobal.com.