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Khartoum must establish banking presence in South Sudan, bank manager says

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March 20, 2013 (KHARTOUM) – The general manager of Sudan’s Export Development Bank (EDB), Mohammed Rashid Mohammed Salem, called for the swift signing of cooperation protocols between the central banks in Khartoum and Juba in the wake of the recent rapprochement between the two countries.

Salem said that such an agreement would allow for a Sudanese banking presence in South Sudan which would help facilitate border trade in line with the deals signed last week.

He said that the lack of Sudanese banks in South Sudan is an impediment to trade between the two countries which could potentially reach a volume of $2 billion annually and encompass 175 lines of commodities.

The agreement, signed in Addis Ababa under the supervision of the African Union (AU), sets a timetable and the mechanisms to enact a cooperation agreement signed by both countries last September.

In addition to oil production, other matters addressed in the cooperation agreement are to be immediately carried out in the next two to three weeks, including security arrangements, the demarcation of borders, the status of people living across borders, trade, economics and pensions.

Landlocked South Sudan, which seceded from Sudan in July 2011, closed off its 350,000 barrel-per-day output in January last year in a dispute with Khartoum over how much it should pay to send the oil through Sudanese pipelines to the Red Sea.

Now both countries say that they are prepared to resume oil exports which they hope will bring billions of dollars into their beleaguered economies.

The Sudanese banker emphasised the readiness of the EDB to contribute to the development of trade and exports to South Sudan in order to support the banking system there.

(ST)

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  • 21 March 2013 11:16, by australian

    Who needs sharia law if you want to Islamise South Sudan? Just bring in the banks...and the traders...and halal food...and desperate Muslim immigrants...and hey presto, you will have an Islamic South Sudan. Just like they are doing here in the West.

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    • 21 March 2013 11:44, by Mohammed Ali 2

      Australian, I don’t understand why this racist , whose ancesters were " exported" from Britain to steal the land of the orignal owners of the land Australia wants to do with us .It is well known that UK opened it’s prisons and sent all the thieves and criminals to rob the land called Australia.The son of a thieve will eventually be thieve.

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      • 21 March 2013 11:50, by Mohammed Ali 2

        con: The thieve " son of thieves" used to appear here regularly and stopped with SS stoping it’s production.Now, oil production , he is shwing his ugly face again!What is the connection! Probably, he is unemployed & poorly educated creature found a way to the looooooooted money transfered there.Now oil is coming, the thieve"s appetite is on high alert!

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        • 21 March 2013 14:26, by Nuer Empire

          The Islamic unfit Bank is trying to make an attempt in the Holy land of South Sudan.The Islamic Bank has yet to make their unpopular appearance in the South,but the South was quoted to have a big no to Islamic Bank in the Country!! The Bank is seen not to provide something sweeter for the citizens than coming to cause chaos in the country.
          The Nuer Empire

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        • 22 March 2013 00:32, by australian

          Umm...this "racist" "son of thieves" you are talking about...is that me? Or who?

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        • 22 March 2013 03:36, by Force 1

          Sudan needs to have money first to do banking in South Sudan. You cannot just have banking system in South Sudan without money! Sudan cannot just come to South Sudan and prey for others money.

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        • 22 March 2013 12:43, by Horso

          Well I am an a Australian and I take exception to your racist remarks about Australia or its people. One on one we will flog you any day of the week. My advice to South Sudan is stay well clear of the north. My Grandfather worked in Persia before the second world war and always told me "never trust an arab".

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          • 22 March 2013 13:47, by australian

            Thanks for the support, horso.
            I’ve probably met Mohammed in khartoum at some stage, and he has asked me, as they all do, how he can get to Australia. Even fanatical Muslims ask me how they can bring their families to our filthy infidel country, although they don’t actually put it that way!

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    • 21 March 2013 12:01, by 4Justice

      Australian,
      They are agents of Satan:

      Muslim Gangs Enforce Sharia Law in London

      "This is not-so-Great Britain, this is a Muslim area. We are vigilantes implementing Islam upon your own necks." — Member, Muslim London Patrol
      http://www.gatestoneinstitute.org/3555/sharia-law-london

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      • 21 March 2013 12:21, by australian

        You mean the banks are agents of Satan?
        I was disturbed to see Islamic banks operating in South Sudan. I mean, I know our Western people are naive, but surely South Sudanese have learned? But I guess not.

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        • 21 March 2013 12:32, by BARRACK OBAMA

          GO TO HEAL WITH YOUR BANK WE DON NEED THIS BULSHIT COOPERATION.

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        • 21 March 2013 14:09, by zulu

          MOHAMED,
          IT IS EXACTLY THE RACISM PRACTICED BY YOUR KIND, CALLING YOURSELVES AS, MASTER, OPPRESSOR, ABU JALABY, INSECTS. NO ONE HAS TO LOOK BEYOND BUT HERE ON THE NET AND FEEL THE RACISM PRACTICED BY YOU FOLKS WHO CONSIDER DARKER SKIN AS YOUR OWN SLAVES. THE WAY YOU TREAT THE DARFURIANS AND NUBA ARE THE EXPLICIT EXAMPLES OF RACISM.
          THE BANKS WILL ROT IN SOUTH SUDAN

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  • 21 March 2013 12:37, by Wen Majokweng

    We don,t needed Arab policy here in south sudan.

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  • 21 March 2013 12:44, by Nyamnyam

    What type of banking is Mr. Salim intending to introduce into south Sudan? If Islamic, then, there much to worry about, because with it comes sharia and with sharia comes the ugly face of Islam.

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    • 21 March 2013 15:49, by Deng II

      Islamic Bank is going to introducing system of briding poor people to be come Muslim in South Sudan. Watch out terrorist, it is not old South Sudan, it is new one. There is no need to bring in a system of hooking ur craps out from ur asshole by hand.We need to let automatic intestine muscle to push out like God created it. Anyway we don’t need terrorist bank to fund dirty work in South Sudan.

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      • 21 March 2013 15:59, by Deng II

        We don’t need you guys. Islam terrorsit not wellcome to South.we are now about to get rid of speaking Arabic language.We going to tell our South Sudan slave Muslim to quit influenting other to become Muslim. I understand they became Muslim then to survive during the war, but now we got independent and I like them to quit ISlam religion immediatelly as soon as possible.

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    • 22 March 2013 00:30, by australian

      The Bank of Khartoum is already operating in South Sudan, isn’t it? And isn’t it an Islamic bank, or aren’t its main shareholders Islamic banks? Then sharia law already has a foothold in the South.

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  • 21 March 2013 20:07, by Peter Malith

    We are very sorry, we don`t need Islamic bank in south Sudan. If the Islamic bank come to south Sudan it will bribe our southerners.The south Sudan Politicians you need to be very careful & serious with Arabs.The defection of south Sudan is not good to them, they don`t even sleeps, the works day and night for the ways to confuse People of south Sudan.Such bad thoughts we can`t accept

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  • 22 March 2013 04:43, by 4Justice

    Lucifer Buying souls for Islam

    WEALTHY Muslim evangelists are dazzling poverty-stricken people with riches in a bid to win Zambia for Islam – so says a Polish missionary working in the country. Father Andrzej Halemba, who is based in the Kasama diocese in the north-east of the country, told the charity Aid to the Church in Need of a huge campaign of Islamisation, backed byfunding from abroad. He said that in a country where many were living on just over a dollar day, people were being offered money and jobs on condition that they converted to Islam. In a country with an average life expectancy of below 40, Muslims were being singled out to receive free schooling. In an interview with the charity which supports the suffering Church, the priest said that in the space of a decade the Christian population in parts of northern Zambia had plummeted from 70 percent to as low as 50 percent.
    http://members4.boardhost.com/acnaus/msg/1142381057.html

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    • 22 March 2013 08:54, by Tutbol

      Banks & banksters are the cause of all messes we have these days in the developing worlds & even in the developed worlds. The banks wants to control everyone, their lives & even their countries. Riek is always so quick to sign on to deals that are not sometimes hasn’t any productivity benefits to S Sudanese.

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