Home | News    Saturday 1 April 2017

Stanbic bank donates to S. Sudan famine

separation
increase
decrease
separation
separation

March 31, 2017 (JUBA) - Stanbic bank branch in South Sudan has donated an unannounced amount of money to the famine- hit the country, the humanitarian gesture was announced after the bank chief executive met President Salva Kiir in Juba on Friday.

JPEG - 24.7 kb
In this file photo of 1 September 2013, South Sudan’s Salva Kiir greets a CfC Stanbic staff as the bank’s country head Victoria Otieno (C) looks on (Photo: Larco Lomayat)

The "token" is a signal of what would be a good working relation between Stanbic bank and the East African country, said the Minister of Finance, Stephen Dhieu Dau, who announced the donation.

"We will support Stanbic bank and provide a good working environment to service our citizens," said Dhieu, who attended the meeting at the south Sudanese presidency.

Minister Dhieu did not say how much the bank donated, however, South Sudan Broadcasting Corporation (SSBC) TV quoted South Sudanese Pound 500, 000, an equivalent to USD 3,500 at the current exchange rate.

Philip Odera, the Chief Executive Officer of the Kenyan Stanbic Bank, said his visit to Juba and subsequent meeting with the President is a show of solidarity with South Sudanese.

The United Nations and the government declared famine in two counties in February, facing at least 100,000 people in Leer and Mayendit in Unity State.

South Sudanese Pound lost up to 80% of its value against the United States dollars since a floating exchange rate was declared in December 2015.

Oil production, which is the main source of hard currency, has dropped to only 130,000 bpd and some government employees have not being paid since January 2017.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 2 April 10:53, by Kerem

    That money needs to be chewed and that is why the government does not want to disclose the figure

    repondre message

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


South Sudan Conflict: SPLM is the problem and the solution 2017-06-23 23:55:36 By Tor Madira Machier, Since its inception more than 30 years ago, the fractured Sudan People's Liberation Movement, the SPLM has been the reason for the suffering the South Sudanese have been (...)

The Nile Basin Cooperative Framework Agreement: The impasse is breakable! 2017-06-22 04:51:22 By Salman M.A. Salman A summit of the head of states of the Nile Basin countries is planned for June 22, 2017, in Entebbe, Uganda, to discuss the impasse over the Nile Basin Cooperative (...)

Sudan, Libya, and Support for Radical Islamic Militants: A Vignette 2017-06-21 23:24:54 By Eric Reeves | June 21, 2017 In October 2014, I analysed some of the implications of minutes reflecting the deliberations of the most senior military and intelligence officials of the National (...)


MORE






Latest Press Releases


HRW denounces "collective punishment" in South Sudan’s Wau 2017-04-15 07:06:48 Human Right Watch South Sudan: New Spate of Ethnic Killings Urgent Need for Justice; UN Should Increase Patrols in Wau (Nairobi, April 14, 2017) – Government soldiers and allied militias (...)

Statement by South Sudanese Communist Party on the National Dialoguel 2017-03-22 05:44:42 The Communist Party of South Sudan On the Initiative of the National Dialogue The initiative taken by the President of the Republic of South Sudan declaring a need for a national dialogue is an (...)

An Appeal to President of the Republic of South Sudan 2017-03-15 07:22:45 Dear. Mr. President, I write to appeal to you for the release of political detainees now in the custody of the National Security Service at Jebel and other detention facilities. In doing this, I (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.