JUBA (HAN) December 26, 2015 – Public Diplomacy and Regional Stability Initiatives News. Kenyan-based Equity bank has been awarded best award for its investment, employment opportunities, and for offering financial literacy training in the Republic of South Sudan. South Sudan Chamber of Commerce (SSCC), one of the organizers for the event in Crown Hotel in Juba, praises Equity’s subsidiary for its work in the violence-ravaged young nation, saying South Sudan needs bank like Equity.
In presence of representatives of all accredited banks in South Sudan, Mr Paul Gitahi, the Managing Director of the Juba-based branch called the award a “victory” and declared that Equity will increase its financial operations in South Sudan. However, critics has been accusing South Sudan’s government of laundering money through Equity bank.
“Equity Bank was founded as Equity Building Society (EBS) in October 1984 and was originally a provider of mortgage financing for the majority of customers who fell into the low income population,” according to a statement published on Equity’s website. An attempt by the South Sudan News Agency (SSNA) to get Equity’s employment opportunities data for the locals was not immediately answered. Source: southsudannewsagency