New Country - New investment and banking opportunities in South Sudan

 

South Sudan is just starting its banking system. So there is a lot of green field to invest and make money.

Bank of Southern Sudan was established in 2006 as a regional branch of the Bank of Sudan . After the declaration of independence of South Sudan from July 9, 2011 the bank began to serve as the central bank. July 15, 2011 signed a law on the Bank of Southern Sudan.

Their currency is the Sudanese pound. Investment is interesting because of the big Oil industry in South Sudan:Oil  - the main resource of the country, on which rests the whole economy of Southern Sudan. Of the 500 thousand barrels of oil produced in Sudan, about 75% of the oil accounts for deposit in the south.

Investment is possible in the following banks:

Ivory Bank

Agricultural Bank of Sudan

Buffalo Commercial Bank

Commercial Bank of Ethiopia

Equity Bank 

Kenya Commercial Bank

Mountain Trade and Development Bank 

Nile Commercial Bank

There are guesses that the total Sudanese currency circlating in South Sudan was valued at approximately US$700 million in 2011.

South Sudan stops oil production!

Even more than six months after the independence of the Sudan and South Sudan struggle for territory and power. The focus is the immensely important oil industry. Now makes his true threats of the Southern Sudan and stop the promotion. The government in Juba wants to force an agreement on transit fees. Southern Sudan has mineral resources, especially oil, and has been since the peace agreement also participates in the profits thereof. A World Bank study concluded that would take part in the oil revenues that are sufficient autonomy government flowing not, to fight poverty and improve the living conditions of the population.  The autonomous government announced that revenue primarily for the use development of agriculture and infrastructure to want. The infrastructure is scarce and is in poor condition. The only year-round usable transport connection from south to north, offered the long irregular ship traffic on the White Nile from Kosti to Juba, Malakal on. The railway from the north to Wau was fully reopened in 2010.