Home | News    Wednesday 3 May 2017

Kenyan bank to close S. Sudan branches due to war

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May 2, 2017 (JUBA) – Kenya Commercial Bank (KCB), East Africa’s biggest bank by assets, reportedly plans to shut down some of its branches in South Sudan due to the conflict, devaluation of the country’s currency and hyperinflation which has greatly affected the bank.

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An external view of KCB Buluk branch in Juba, South Sudan. Dec. 7, 2011 (ST)

Operational in South Sudan since 2006, KCB with 19 branches in South Sudan now wants to cut its exposure in Africa’s newest nation where the bank took a KSh3.4 billion hit due to hyperinflation in 2016.

“KCB Group board of directors has approved the temporary closure of some branches in South Sudan, driven by logistical and operational challenges that have made operating some of these branches unsustainable,” a bank official told Business Daily.

Added the bank official, “A change in the economic situation will lead to a re-assessment of the viability of branches.”

Inflation rate in war-torn South Sudan hit 830 per cent in late 2016, and the South Sudanese pound has depreciated against the dollar.

According to the Kenyan bank, the planned closure of branches in South Sudan will lead to job losses as many workers will be affected.

“Naturally, any branch closures will lead to staff re-assessment but, as mentioned earlier, this is work in progress and we cannot therefore, at this time, quantify the number of staff who will be affected,” the bank said.

In January 2014, KCB shut three branches in the towns of Bor, Bentiu and Malakal, due to the violent conflict that hit the East African nation.

(ST)

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  • 3 May 08:32, by Eastern

    But Kiir and Taban are implementing peace in Juba what’s the problem with KCB?

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    • 3 May 08:42, by Kuch

      Mr. Eastern, they are implementing the peace. KCB isn’t going anywhere if you idiots believe in your SUDAN TRIBUNE, RADIO TAMAZUJ and many of their evil corporate America, their evil juus propagandists. The current mess in our country is sponsored by the evil corporate America, their evil juus and some of their creeps in Banks>>> and So we are way well ahead of these bullshits chap>>>

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      • 3 May 08:48, by Kuch

        A lot of Kenyan banks have been infesdted by the evil corporate America, the UK, their evil juus and some islamic dirty banks and they are desperate for our resources and influence. Do do you fools know why a fool like Barack Hussein Obama came to Kenya, ethiopia and came lectured by the government of South Sudan in font of Kenyan president, Ugandan president, ethiopia Prime minister, North Sudan>

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        • 3 May 08:53, by Kuch

          foreign minister, Somalia prime minister, Djibouti prime minister and Rwandan President and some other creeps that were nothing to do with South Sudanese people’s peace. The greatcoats charlatan (Barack Obama) was nufged to by his cooperate Ameerica, British, their evil juus and Arabs banking cartels to come to Africa to come and show face that he cares about Africa>>>

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          • 3 May 08:58, by Kuch

            and African problems. When he Barack Hussein Obama was the same evil, Hillary Clinton, Susan Paige, Hilde Johnson, Susan Rice and his bunch of evil juus in the his then state department were the ones who used their Riek Machar to stage a coup on the 15/15/2013 and poke their evil necks out after their coup failed with their Riek Machar puppet/stooge>>>

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            • 3 May 09:05, by Kuch

              that there was no coup attempted but still went and dictated their damn so-called compromised peace agreement (CPA II) in the hotels, brothels and bars of Adis Ababa and tossed it into the government of South Sudan to sign it force https://unmiss.unmissions.org/sites/default/files/final_proposed_compromise_agreement_for_south_sudan_conflict.pdf

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              • 3 May 09:11, by Kuch

                http://www.sudantribune.com/spip.php?article56093
                Why can you fools see that this was nothing to do with the South Sudanese people peace, but the handover of our country to evil America, the UK, their UN, their evil juus and some of their criminals in between? Do you fools even understand comprehensions? I doubt that. Read the damn document letter by letter and you fools will be surprised that>>>

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                • 3 May 09:20, by Kuch

                  Do you fools know why the government of South Sudan refused to sign the damn document in the hotels, bars and brothels of Adis Ababa and came and signed it later in Juba after a week? Do you fool know why the governement of South Sudan’s chief negoitator, Michael Makuei called the likes of Pagan Amuom "sell out" idiots?>>>>

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                  • 3 May 09:26, by Kuch

                    It was because they just signed our country away to foreign multinationals and corporations. Do you fellows understand why a fool like Pagan Amuom has not been back into South Sudan since his sell out our country in the hotels, brothels and bars of Adis Ababa? Because the criminal know what he has done to our country and our people. The fool even took a full time residency of the then Barack H>>>>

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                    • 3 May 09:32, by Kuch

                      Obama white house. But now he is (Pagan Amuom) in Colorado, US trying to solicit some military aid from the US army, with arms. But l doubt the fool will get anything. Fellows, sharpen your damn spears though. What the evil corporate America, the UK, their UN, their sleazy NGOs, their evil juus and some of their evils in between want in our country is not going to end very well>>>

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                      • 3 May 09:37, by Kuch

                        We don’t the white Americans, the British people, their evil juus, their UN and some of their sleazy NGOs in our country. Who says, we don’t want the evil white people in our country? Who really says?

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    • 3 May 08:49, by South South

      Eastern,
      I don’t see any problem with KCB. Even in USA where you live, bank are closed when they are doing well. Banks are sold when they are not doing well. It’s normal and could happen anywhere. Kiir and Taban are implementing peace in South Sudan, not in Juba, that why UN forces arrived from Rwanda and UK, part of the peace agreement, right?

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      • 3 May 09:51, by Eyez

        Eastern
        Let these goons chock on their own vile and slime, they are arrogant and thick headed. To argue with them is useless, because, like their corrupted failed Jienge leaders, they are ’stuck on stupid’ and their brains are full of cow dunk.

        Soon the government will be forced to abide by law and implement the signed peace agreement, the bogus JCE and Kiir’s National Dialogue is screwed.
        X1

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        • 3 May 09:59, by South South

          Eyez,

          I want someone in this forum to tell me which one is the best for human being to use, cow dung or monkey poop? Our government is abiding by laws and implementing peace is our priority. UN forces from Rwanda and UK are on the ground to make sure that our country is moving on smoothly. You are welcome to come back to South Sudan if you wish. Kiir is your president and dialogue will go on.

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          • 3 May 12:00, by Eyez

            South South
            Forgive me for lowering myself to your level, but I’m only gonna do it once.
            Firstly, what sort of Jienge retard are you...huh?

            Anyway, that ’Monkey poop’ thing is so lame, childish and foolish, because no one breeds Monkeys, but MTN’s are cattle herders and they eat, breathe, think and sleep like COWS.

            You will be headed to your luaks and a life of forging and toiling, ya MTN ita.

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            • 3 May 14:03, by South South

              Eyez,

              You are already very low and if you lower yourself more, then the monkeys you eat are much, much, much better than you. Dinka is the largest tribe in South Sudan. They own cows which is the best thing on the face of earth for any human being to have. Unlike your uncles who own rats and snakes for food.

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          • 3 May 19:19, by The Rhino

            You moron"South Sudan", changing your name to "South South" won’t safe your disfigured ugly face from my punches—you are busted charcoal-face! I’ll plough you so far till you fall apart,idiot.Your stench is all over the place.Is that what you call intelligence?Well thats jienges intelligence—no surprise,thinking nobody around can register their pungent foolishness.Which names come next,...

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            • 3 May 19:33, by The Rhino

              ..."Sudan Sudan" or maybe "Jieng-Jieng"?Pick the second one,it fits better to your indigent heritage.Bloody-fuck,and such baboons are the ones running this country. Take cover now,bcos—Jubaone,Eyez,Eastern and Jur are coming after you,you cheap moron!
              The Kenyans are reducing the number of their banks,now let see where "charcoal face" and his clans will hide the stolen money!

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            • 3 May 20:08, by South South

              The Rhino,
              I can see now, you are very retarded. If you can not remember anything about my name and the way I spell it, just go back to yesterday exchanges with you and see how I spelled it. God help South Sudan from those monkeys.Please stop talking down about Dinka, they are master of the masters.

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              • 3 May 21:25, by The Rhino

                Now that is what the experts call "phishing",and you poor "forked-teethed"South Sudan,southsudan,SouthSouth or whatever" bit too deep into shit.Wow,look at that,I never thought you were so numb.Do me a favor charcoal face,rewind your memory and shake up your peanut brain before its too late!As for Jieng masters, you are the epitome of a cow chunk!And your people deserve no respect!!!

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                • 3 May 22:58, by The Rhino

                  Fucking Jieng dumb shit! Your JCE amateurs pledged to destroy this country if Dinkanisation never materialize,—well,there you have it, your ill-intended bullshit against innocent people of this country has failed.It never molted in favor of your crooked parasitic tribe—thus "The good will prevail against the evil!"—have you ever heard of that phrase "cow dung sniffing fool"aka "Jieng-Jieng?"

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                  • 3 May 23:08, by The Rhino

                    ..I guess not.Now fuck off and go sleep as always you jieng idiot!

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        • 3 May 10:05, by Kuch

          Eyez, when are you going to bring on in here fellows. This is South Sudan. We are going to bomb masters if you are banking on them. Just watch out fellows. We are here fellows. Do fellows, that South Sudan and the north Sudan are Dinkas./Jienges countries. Mr. Eyez, don’t let your balls carry you idiots away. Watch this space fellows.

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          • 3 May 11:37, by Eyez

            Kuach
            Your stupidity is beyond reasoning, probably due to your incapacitated brains, or maybe just from naturally being born a Jienge, either way, you are screwed.

            How long will your Mathiang Anyoors malitia protect you MTN’s against the people, the armed opposition and the International Community for?

            You people sound like Sadam and Gaddafi before they succumbed to their demise.

            X1

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            • 3 May 13:15, by jubaone

              Eyez,
              These jienge scoundrels have become an "Equatorian Burden". The jellaba and Bashir must be thanking Allah, now that these "hashrat" are gone. All filth and "Koror" have now been dumped in Equatoria and we MUST rid ourselves from them by all means available. We salute our boys cos now they (MTN) have been reduced to GEMTEL In Equatoria. Pls tell all our youth that Nimule MUST be freed soon.

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          • 3 May 13:19, by jubaone

            Kuch,

            Just hang some bomb around your jienge waist, go to Juba and take some "juus" or whatever crap you like to describe and commit suicide instead of talking jienge bullshit all the time. Where is your courage, ya coward? Bla..bla.. the same nonsense everyday, malu?

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    • 3 May 10:32, by jubaone

      Eastern,
      These scoundrels thought, war was that easy and they would own everything cos they "liberated " the South. Greed, incapacitation, illiteracy and savagery are their characteristics. They could NOT do anything for their luaks and will NEVER do anything. The once bragging "born to rule" are indeed the "eternal losers": Only capable of savagery and fighting. They´´re there cos we are there.

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    • 3 May 16:29, by jur_likang_a_ likan’g

      Eastern, it is called Kenya commercial bank and not jieng commercial bank for your information. If the security of a person is worthless in Jieng nation why should a Kenyan owned business risk the lives of their citizen in an animal like governed nation? They should be allowed to pack because sectarianism has taken over the nation.

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  • 3 May 09:23, by Don-Don Malith Rual

    Mr K. Enock. I just understand your frustration, you sound lije soneone who have been in the west before and of course you are! Therefore my advice to you is that,change your ideologies to ward the westerners,no country will not have bilateral alliances, Foreign countries are free to invest as long as they abides to international laws

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    • 3 May 09:31, by Don-Don Malith Rual

      My fellow brothers the Kenyan; excuse themselves beco3 the republic of south sudan ran out of hard currencies and SS pounds is of no valued to them, therefore they should wait for
      The country to go back on track🤗

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  • 3 May 09:29, by Dengda

    @ Kush and South Sudan, denying fact is the main factor which push this country to the edges of collapsing and I doubt National Dialogues will work if we don’t admit mistake and right.
    KCB incites the following:
    1. is closing branches because of war and conflicts
    2. hyperinflation and valueless pound
    Why don’t comment on this lines?

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    • 3 May 09:51, by South South

      Dengda,

      I am not South Sudan, I am South South. Please look carefully how I spell my name. South Sudan is another person in this forum. Let me make it very clear to you about that. KCB is closing some of its branches because of bad economy South Sudan is facing. it has nothing to with war. If it’s because of War, KCB would close all 19 branches in South Sudan. Get it very straight from me.

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      • 3 May 12:32, by Eastern

        South South,

        I did not expect you to show your STUPIDITY on this forum. I can now confirm that Kiir has filled up his government with people of your calibre - well dressed idiots!!! What has befallen KCB, Equity and other foreign banks and companies is the direct impact of the war on the economy of South Sudan! At the expense of productivity, Kiir has tupidly chosen to wage war with rebels he has

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        • 3 May 12:35, by Eastern

          Cont...

          Kiir does not know who are bankrolling those fighting him and he has stupidly put out the little South Sudan could scratch from the oil sale to fund war. Within just 3 years where’s the SSP in the market? Tell me what will befall Kiir and Kiirland in the next 6 months. Morons!

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        • 3 May 14:08, by South South

          Eastern,

          Iam not stupid like you. Iam your boss, please talk nice to me because I am working very hard to find a room for you in South Sudan. You Want South Sudan to fail, well, you can stay in America for another 250 years, but South Sudan will be there. Please try to learn to act like human being, your chances are getting smaller and smaller in South Sudan.

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      • 3 May 13:07, by jubaone

        South South,
        How stupid must one be not to read what the article says. KCB is winding some of its branches in SS due to war, the notoriously dull numbskull South South goes around to twist facts and says the contrary. Why then is KCB cutting down? Poor economy mismanaged by bandits and savages? These luakfools know how to fight but not to think and write. Hopeless losers!

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        • 3 May 14:14, by South South

          Jubaone,

          Don’t be silly and stupid. I do not believe any shit Sudan Tribune is writing, only people who very desperate like you reach to Sudan Tribune hoping to find something bad about South Sudan. I was in Nigeria this year, Naira last year was 199 Naira to USD, but this your 510 Naira is equal to USD. All the countries rely on oil in the world are facing hardship, but shit people see SS only

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          • 3 May 19:21, by Eastern

            The chief crops are cocoa, peanuts, palm oil, corn, rice, sorghum, millet, soybeans, cassava, yams, and rubber. In addition, cattle, sheep, goats, and pigs are raised. Petroleum is the leading mineral produced in Nigeria and provides about 95% of foreign exchange earnings and the majority of government revenues. NIGERIA PRODUCES ITS OWN FOOD; SOUTH SUDAN DOES NOT!

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            • 3 May 20:16, by South South

              Eastern,

              I was in Nigeria for a month and I traveled to 6 states. I know Nigeria more than you. The government of Nigeria was unable to pay salaries for than 4 months. Government had proposed to sell out government assets. The information you mentioned above are from Google, sweet. Naira is down, prices are up.

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    • 3 May 10:00, by Kuch

      Mr. Dengda, I am not called Kush, but Kuch. I asked you before if you were the same Dengda who wanted his mother to be in Mingkaman/Guol Yar Atong, and then you would be sending her a few pounds for her soup, weren’t you mister? I then asked you then, did you get a job Mr. Dengda? Mr. I am from Bor, Kolnyang Country, l even once, as a little baby lived in Guol Yar Atong/Mingkaman before l joined>>

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  • 3 May 12:40, by Fair Man

    Kuch and South South
    We want your real name as they appear on your documents so that we can begin taking your statement seriously. Be brave enough and give us your contacts and addresses so that we meet face to face around Malakia Police Station or along Jebel Market. We need to talk face to face and I will sponsor your drinks and delicious lunch, given terrible hunger facing you. Don’t fear!!

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    • 3 May 13:56, by Kuch

      Mr. Fair Man, my real name is "Garang Daniel Kuch" I am the one who helped bombed your so-called cloned arabs of out of Yei, Lainya, some other little towns town and villages in your own Equatoria and even my home state of Jonglei. I was injured very badly in the battle of Kapoeta in 2002. Stop your aimless armed rebellions because we are to going bomb you with your masters fools>>>

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      • 3 May 14:01, by Kuch

        Mr. Fair Man, we are here chap. South Sudan is a Jienges/Dinkas country and even North Sudan if you fools don’t know. Don’t your Equatorians elders tell you fellows stories of who own your country?

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        • 3 May 17:12, by Don-Don Malith Rual

          Mr Fair man you need Dinka anti Allergic medications for your Dinka allergy treatments! If not anti chronicles medications to help with your post depression Dinka mentsl disorders,Counseling a lone wouldn’t help you. For more information on your treatments follow up do not hesitate to contact myself. Ask Eastern and Eyez they will tell u

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    • 3 May 14:41, by South South

      Fair Man,

      Talk like a human being please. Please re-read what you wrote above. What you need to do now is this, post your contacts here immediately. You will be contacted in private. Ia m waiting.

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  • 3 May 12:55, by Sunday Junup

    Let them fuck off, they really looted our country

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