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.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Reflections on the SPLM-Ns 2017-10-18 20:15:33 By Mohamed Yassin It is sad, weird and ugly that some comrades reduced the vision of the SPLM to the SPLM-N standing for North, as a compromise. Its adaptation, it was bitterly adopted in an (...)

Do we have leaders in South Sudan or murderers? 2017-10-15 04:13:20 By Peter Gai Manyuon According to different scholars globally, leadership style is the way a person uses power to lead other people. More so, scholars have also identified a variety of (...)

Accountability, National Dialogue, and Elections: Which one of them comes first? 2017-10-12 21:51:17 By Dr Lako Jada Kwajok Conflicts or wars are the offspring of failures to have constructive dialogues in resolving problems between parties. The parties could range from countries, groups of (...)


MORE






Latest Press Releases


Reactions to government agencies’ conspiracy against Greater Bor community 2017-10-08 07:54:31 October 7, 2017 A monkey business or a donkey business in the government of the republic of South Sudan against the citizens is unacceptable. Therefore, we as youth of Greater Bor in diaspora (...)

Amnesty calls to release Nubian activists detained over protest for cultural rights 2017-09-12 20:47:54 AMNESTY INTERNATIONAL PRESS RELEASE 12 September 2017 Egypt: Release 24 Nubian activists detained after protest calling for respect of their cultural rights Egyptian authorities should (...)

New group formed to gather Nuer in United States 2017-08-17 14:15:50 DECLARATION FOR THE FORMATION OF NUD TO BRING TOGETHER ALL NUER IN THE U.S.A Press Statement The Nuer Union For Development (NUD) The United State of America The State of Nebraska August 15, (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.