Finance
The following financial institutions provide financial and banking products and services in South Sudan.
Kenya Commercial Bank (Sudan) Limited | Nile Commercial Bank (NCB) | Ivory Bank | Omdurman National Bank | Faisal Islamic Bank | Buffalo Commercial Bank | Sudan Microfinance Institution (SUMI) | Renaissance Insurance Company South Sudan Ltd | National Insurance Corporation Limited | UAP Insurance Sudan Limited
Kenya Commercial Bank (Sudan) Limited was incorporated in December 2005 as a wholly owned subsidiary of Kenya Commercial Bank. It becomes part of the KCB Group, which comprises KCB Kenya, KCB Tanzania and Savings and Loan (S&L) Kenya and is backed by the financial stability and favourable heritage of Kenya’s longest established banking organization that has been in operation for over 100 years.
KCB Sudan has two branches, in Juba and Rumbek and has plans to expand to other viable business centers of Southern Sudan such as Yei and Yambio.
KCB (S) Limited Head Office is located in the City of Juba. The subsidiary is run by a highly motivated team led by a Managing Director who is supported by Business Development managers and is geared up for the challenge of supporting the reconstruction of Southern Sudan. The subsidiary offers a wide range of banking services with tailor made products and services for non-governmental organizations, individuals and the young civil Service in the Government of Southern Sudan.
KCB (S) Ltd is committed to offering a wide range of banking and financial services as follows:
- Deposit Accounts (current, savings and fixed deposit accounts) for local and foreign currency
- Cash deposits and withdrawals and cheques clearing in local and foreign currencies
- Trade finance products - credit letters, documenatry collections, guarantees, pre & post shipment finance, bills discounting and stock financing
- Loan and advances such overdarfts and term loans
- Remittances such as SWIFT, EFT, standing orders, salary processing and banker's cheques
- Other services such as safe custody, cash movement and business advisory services
Juba Branch
John Njane Ndungu - Branch Manager
Amin Muhammed Amin Building
Telephone: 049 823 511
Satellite: +88 216 4333 8959 or +88 216 4333 8958
Email: juba@kcb.co.ke
Rumbek Branch
Rodger Mwame - Branch Manager
AFEX Camp, Rumbek
Satellite: +88 216 4333 8960 or +88 216 4333 8961
Email: rumbek@kcb.co.ke
The Nile Commercial Bank is a community based national financial institution and is the first indigenous bank operating in South Sudan.
To aid the flow of finance into South Sudan, Nile Commercial Bank in March 2006 went in partnership with Stanbic. Together they offer Value Transfer Service that allows transfer of funds for organisations. Through the extensive network in Uganda, Stanbic Bank branches in Koboko, Arua, Adjumani, Moyo, Gulu, Kitgum and Kotido also serve the needs of tons close to the South Sudan Border
NCB offers the following services:
- Current accounts
- Savings Accounts
- Micro-Finance
- Money Transfers to/from the branch and liaison offices. Efforts are underway to link up with International
- Money Transfer agencies to enhance & widen the scope of operations and services
- Commercial loans including but not limited to vehicles, school fees, housing, furniture etc
- Salary loan scheme effective 1st April 2006
- Financing Small Scale businesses and trade
- Asset financing on hire purchase
- Value Transfer Services for NGOs and other institutions
Ivory bank headquarters is in Khartoum with several branches in Southern Sudan in Wau, Malakal and Rumbek.
Ivory bank offers the following services:
- Current accounts
- Savings accounts
- Investment accounts
- Money transfer (only within Sudan)
- Loan services at 2.5% per month
Contact
Eluzai Michael Taban
Assistant Manager - Juba branch
Telephone: +249 811 820 239
Fax: +249 811 820 226
Mobile: +256 477 117 611
Omdurman National Bank is a joint stock company with headquarters is in Khartoum with several branches in Southern Sudan in Bentiu and Juba .
Omdurman bank offers the following services:
- Current accounts
- Savings accounts
- Investment accounts
- Money transfer (only within Sudan) and only if receiver has an account with Omdurman National Bank
- Loan services at 2.5% per month
Contact
Khartoum Head Office
Qasr Avenue,
P.O Box 1522, Khartoum
Telephone : +249 (0) 11 770 400
Email: omd@sudanmail.com
Faisal Islamic Bank is an international private bank that began operations in May 1978. With headquarters in Khartoum it has several branches in Southern Sudan in Wau, Malakal and Juba.
Faisal Islamic bank offers the following services:
- Current accounts
- Savings accounts
- Investment accounts
- Money transfer (only within Sudan)
Contact
Al Faihaa Trading Building
Ali Abdullatif Street, Khartoum
Telephone: +249 777 920 / 778 727 / 781 848
Email: fibsudan@fibsudan.com
Promoted by Southern Sudanese, the Buffalo Commercial Bank Plc. (BCB) has started its operations from Juba, the seat and capital of the Government of Southern Sudan after the issuance of Operating License by the Bank of Southern Sudan (BOSS).
Buffalo Commerical Bank offers the following services:
- Deposit Facility
- Internet Banking and E-Alerts
- ATM Cards and SMS Banking
- Trade Finance
- Safe Deposit Locker
Contact
BCB Junction
Juba Town , Southern Sudan
Email: info@buffalocommercialbank.com
Sudan Microfinance Institution (SUMI) is an indigenous microfinance institution created with USAID support in 2003 with operations in Yei and has the objective of offering financial services on a self sustaining yet efficient basis to microentrepreneurs living in Southern Sudan.
SUMI has its head office in Yei, Central Equatoria State and has five other branches.
SUMI offers group-based loans, salary-guaranteed loans, individual loans, money transfers and fund remittances.
For group-based loans, borrowers are formed into groups of five who pay a membership fee and a total passbook fee. Members can contribute savings for a period of 6 weeks, up to a minimum of 16% of total loan amount they will borrow.
Contact
Yei - Head Office
Near Freedom Square opposite Otogo Pharmacy
P.O Box 227, Juba
Telephone: (0) 477 100 292
Email: sumiprofin@yahoo.com
Juba
Malakia off Konyo Konyo Market
Email:martinbeb@yahoo.com
Maridi
Maridi off Freedom Square
Email: chandigadaniel@yahoo.com
Rumbek
Email:londuma@yahoo.com
Yambio
Email: mbaraza04@yahoo.com
Part of Renaissance Group that was granted its licence to provide insurance and financial services in Southern Sudan in October 2005 but with offices in Nairobi, Kenya and South Africa. Renaissance currently awaits allocation of land in Juba but have representatives currently stationed at RA International Camp.
General Products provided are:
- Fire/Perils
- Business Interruption/Consequential Loss
- Theft
- Political Risk
- Performance Guarantee
- Motor/Goods in Transit
- Accidental Damage
- Liability
- Aviation and Marine
- Credit and Credit Protection Insurance
- Medical Evacuation
- Professional Indemnit
- Worker Compensation
Contact
Graeme Mackenzie, Managing Director
Email: graeme@r-r-m.co.za or mackenziegraeme@yahoo.co.uk
Telephone: +254 (20) 2717187, +27 (11) 327 5560, +27 83 647 3944
Fax: + 254 (20) 2717182, +27 (11) 327 4545
National Insurance Corporation (Southern Sudan) Limited is a subsidiary of Kampala National Insurance Corporation Ltd (NICL), one of the leading providers of insurance and risk management services in Uganda.
Operational for just a year, it offers a wide range of products and services - non-life insurance such as fire insurance, accident insurance, motor commercial and motor private insurance; life and pension insurance such as individual and group life insurance; and NIC packaged products such as Employees Insurance Plan, Teachers Insurance Savings Plan and Comprehensive Insurance Package for Schools.
Contact
Juba
RA Office Complex No. 4
Near Juba Raha Hotel
Haile Sellasie Avenue, Juba
Telephone: +256 477 104 406
Email: nicsudan@nic.co.ug
Yei
Customs Yard
Telephone: +256 477 114 992
Nimule
Opposite Customs
Telephone: (0) 712 407 255 or (0) 772 520 003
UAP Insurance company - part of UAP group - is a leading insurance company in the COMESA region with a subsidiary company in South Sudan.
UAP Insurance Sudan Limited began operations in southern Sudan in February 2006. With head office in Juba, plans are underway to open branches in other areas.
Products available are:
- Commercial Insurance such as fire and special perils
- Life Insurance
- Personal Insurance such as group life pensions
- Tailored Insurance.
Contact
Juba
Amin Mohammed Building, Next to KCB Juba Town
Plot No.3 Block VI, Hai Suk
P.O Box 201 Juba, South Sudan
Email: nmalesi2@yahoo.com or georgeochira@yahoo.com or kanyingip@yahoo.com or uapinsurance@yahoo.com
Telephone: +88 216 4333 1581 or +256 477 103 923, +256 477 104 067 or +249 811 823 811/4