Home | News    Thursday 19 July 2012

Kenyan bank targets S. Sudanese Diaspora

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By Julius N. Uma

July 18, 2012 (JUBA) - In a bid to promote international banking, KCB Bank of South Sudan has officially launched diaspora banking, an initiative targeting South Sudanese nationals currently living outside the world’s newest nation.

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Martha Nyaliet Chol, South Sudan Manager for KCB Diaspora banking (L) with another staff member, July 16, 2012 (ST)

To enhance the new banking initiative, a team, led by the Group’s Chief Executive Officer (CEO), Martin Oduor-Otieno and Martha Nyaliet Chol, the South Sudan Manager for KCB diaspora banking is currently visiting the London Olympics village in the United Kingdom, to promote the new product.

In an interview with Sudan Tribune on Monday, Chol appealed to all the South Sudanese in the diaspora to fully utilise this unique opportunity by opening accounts with East Africa’s largest commercial bank, which currently operates branches in all of the 10 states of South Sudan.

“These accounts will help individuals remit money to South Sudan with ease and through KCB, they can still be able to invest in development projects such as housing where the bank currently offers free management and investment advice,” she said.

According to Chol, the Kenyan bank, which officially started operating in South Sudan in May 2006, still has competitive advantage within the banking industry in the country, given the wide range of services it offers, its presence in all the 10 states and strong customer base.

The bank has, as part of the new initiative, also introduced what is known as ’KCB diaspora junior account’, which helps parents teach their children on how to save for the future. A customer operating with diaspora junior account will also benefit from the annually paid interests, in addition to accessing electronic banking facilities provided by KCB, among other benefits.

Meanwhile, the KCB diaspora junior account will automatically graduate to a KCB diaspora transaction account once the child turns 18 years old.

The new initiative is an addition to the successful establishment of the KCB cross-border financial platform; a mechanism that has facilitated regional trade by ensuring its clients across East Africa easy access to banking services, through internet and mobile banking.

Since it opened its doors in South Sudan, KCB has expanded rapidly to a level where it reportedly controls 42 per cent of South Sudan’s banking industry, comprising of 19 branches spread all over the country and employs 350 staff, of which 80 percent are South Sudanese.

Currently, the Kenyan bank reportedly has over 85,000 clients all over its South Sudan branches.

(ST)

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  • 19 July 2012 05:09, by omoni jr.

    what!! are we Not feeling shame to promote foriegn bank to our citizens? where is south sudan Bank? Is it because it is dried up since 4 billions pocket by"we liberated you"?

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    • 19 July 2012 07:58, by Aarai Baka

      KCb? Why Southern Sudanese have to promote Kenyan banks than doing it to our owned banks? People here are really insane. I rather keeps my money at home than foreign banks getting rich from my interest they have collected.

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  • 19 July 2012 05:44, by Alfredo christiani

    Dear Omoni Jr
    Frankly speaking, the majority true members of the SPLA /M who liberated you guys from ARABS are charcoals makers and fire wood collectors, in ten states and some were sidelined by the current ruling groups, Those who took these huge amount of money were normal members under umbrella of the SPLM/A who did not participated in the army struggles during the hot time of liberations. Ch

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    • 19 July 2012 06:17, by Dinka Dominated SPLA/M

      In every country there are those who can eat too much than others and this is not new to people like me,
      2 million Dinkas die in the war of struggle are not match with 4 billion stolen by some gang who joined the people’s army recently, mostly militias, stolen money are gone and any idiot who kept complaining can choose to fight or shut up, what is a big deal about it? The money were used to buy

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      • 19 July 2012 06:19, by Dinka Dominated SPLA/M

        nyagateen, yet some useless idiot and money lover are out of touch to understand the problem,

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      • 19 July 2012 06:50, by omoni jr.

        you motherfucker called Dinka dominated SPLA/M.
        CAN you reveal your relly fucking name dog??????
        you are just a piece of shit and worthless cockroach,this land is Not born from your mother vagina.....land is belong to the people who inhibit it.you are asshole man who does not think about future of this country...

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        • 19 July 2012 07:01, by Dinka Dominated SPLA/M

          Drunk,
          You have a mantel damage just like your uncivilised family who speak with street language of gangsters, I will not talk to poor and miss brought street children born out of mistake,
          Get some education, it will help you behave yourself poor boy, I don’t speak your language nor I understand your talking carp,

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      • 19 July 2012 08:02, by Thorbanat

        To Dominated Dinka,
        I have read your posting and I have found you are the most stupid person on earth. I know you have never fought in the war but I did and I want to inform you that there is nothing call 2 million Dinka died. What I know many Dinka and Nuer who died was NEVER from enemy fire BUT from Dinka - Nuer TRIBAL Killing. There don’t ever open your dirty and toothless mouth.

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        • 19 July 2012 08:08, by Thorbanat

          To Dinka Dominated SPLM/A,
          Please contribute positively but if you try to talk nonsense, I am ready to wrestle with your ignorant. Please answer these questions. (1) Which people started the war with Arabs in 1940s? (2) where was the first bullet fired on August 18th, 1955? (3) where was the last bullet fired on August 2002? (4) where was the nerve centre for SPLA command during the war?

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          • 19 July 2012 08:13, by Thorbanat

            To Dinka Dominated SPLM/A,
            Questions continue... (5) Do you know that Kual Manyang Juk (the current governor of Jonglei) who started to kill the Nuer in Ikotos? (6) What was the reaction of the Nuer including William Nyuan Beny while he was in Pageri? I am warning you do not remind us the memory and stop you idiotic chorus of many Dinka died. what I know the Nuer kill 1.2 million Dinka.

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            • 19 July 2012 08:17, by Thorbanat

              To Dinka Dominated SPLM/A,
              You always refer to some people as drunk. Statically, in South Sudan today, the most drunkard are the Dinka people. You go around Juba and find for yourself especially young girls who are from Khartoum. Visit Custom at night and see for yourself and stop your wild allegations and face the reality. Dinka are prone to beer because it is foreign to them not like others.

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      • 19 July 2012 08:06, by Gäär

        Dinka Dominated Corruption,

        Look at your Dinka idiocy in play. if 2 million did die among Jangs (traitors) alone, there would be no anyone left. Your foolishness and lies will never liberate you from that chronic mental slavery that you’re suffering. All south sudanese contributed, only Jangs like to hide in bushes when fight get tough

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      • 19 July 2012 08:26, by Don P

        ^^ DDS The stupidest pro-Corruption comment in Sudantribune so far.
        "In every country there are those who can eat too much than others and this is not new to people like me" DDS

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      • 19 July 2012 10:40, by okucu pa lotinokwan

        Dinka/dominated/SPLA

        The 4 billion US dollar stolen is for the confanciating the death Dinka in the movement?if so thing will be very bad to dinka because they are the one who has stolen those money.

        OKUCU PA LOTINOKWAN

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  • 19 July 2012 06:45, by Kenyan the cushite

    KENYA COMMERCIAL BANK. SOUTH SUDAN branch is a bank in its own right. growth is about cooperation. we here in kenya look forward to providing south sudan ports pipelines. since we just struck oil in Ngamia-1 well. the most oil struck in east africa from just the first well. :) with gas and other things its just next to SS. Uganda will start pumping oil next year. then tanzania with so much gas.

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    • 19 July 2012 07:06, by Majongdit

      Kenyan the Cushite, Despite your good intention, there is one fact you can never deny: KCB has abused its monopoly in S. Sudan by transforming from sincere service to a mere robbery. kcb may not have heard the Barclays shame in UK but theirs await them. KCB interest rate rigging in S Sudan can be among the highest in the world. Proudly, KCB announced an annual profit of 800 millions from S Sudan

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    • 19 July 2012 23:52, by Majongdit

      Fuckeq... The war in Sudan was always described as the war between the Dinka and the Arabs. Those of Igga, Abujohn, Mamur and Gore knows it.

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  • 19 July 2012 06:49, by Kenyan the cushite

    EAST africas riches is not oil. WE have just struck gas from mozambique to somalia. EAST Africa will be the biggest gas exporter in africa and maybe even oil by 2020. check all the oil and gas magazines. with one currency and language. SWAHILI. we will make the fake arabs and intruders in the north feel small. somalia and ethiopia and even the arabs and cushites of kenya support us. Sudan=spoiler

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    • 19 July 2012 07:13, by Loko El Pollo

      THE DEATHS AMONG THE DIAPORA IS HIGH,DUE TO TRAFFIC ACCIDENTS,POLICE BRUTALITY AND MERE HOPLESSNESS.THE BANK MUST PUT DOWN GUIDELINES THROUGH WHICH THE RELATVES OF THE ACCOUNT HOLDER CAN HAVE ACESS TO HIS OR HER MONEY IN CASE.THESE COULD BE JUST SCAM ARTISTS OPERATING IN THE NAME OF SERVICE PROVISIONS.

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  • 19 July 2012 08:03, by Majongdit

    KCB profits in S Sudan alone is more than what it makes in Kenya, Uganda and Tanzania combined all drawn from a small customer base of about 80,000 clients. We will work hard to find out why. Otherwise, take it Diasphora but sure you will never loot them.

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  • 19 July 2012 16:04, by Anti Terror Anti

    In every house not everyone is a cook, food always prepare by certain person which is for entire family. same Thing happened here in South Sudan, during crisis days, some individual ran away hoplessly thinking the one left behind in struggling will achieve nothing but to perish all. what other not knowing is that, war can be fought in so many ways. so all of us belong to one family under one cook.

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  • 19 July 2012 16:15, by Anti Terror Anti

    JUST LITTLE ADVICE, BE CAREFUL ON HOW THIS CALL KCB DOING THING. FROM MY VIEW, SOMETHING TELL ME THAT KCB IS LIKE ONE EYED MAN BECOME AKING AMONG BLIND. IT WILL CONTINUE TAKING AWAY YOUR LOOTING SSP AWAY AND LEAVE U WITH NOTHING AT LONG RUN. WATCHOUT

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