ECOBANK Transnational Incorporated, one of the leading pan-African banking group has yesterday announces the opening of its South Sudan banking affiliate. This new banking affiliate, the 34th on the African continent, offers the opportunity to support the youngest African state in addressing the challenges in regards to its development. Ecobank South Sudan has effectively started operations on July 10, 2013 and offers the suite of products and services of the Group to individuals, SMEs, multinationals and institutions. The Group Chief Executive, Thierry Tanoh, said: “We are very excited to have obtained the authorization of South Sudanese authorities to operate in this country which holds a huge potential for financial intermediation”. “Our presence in four of its six bordering countries, namely Kenya, Uganda, the Democratic Republic of Congo and the Central African Republic, is a unique advantage to contribute to the development and integration of South Sudan young republic”, he added.
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