In a country without a well-developed financial infrastructure—where mobile phone airtime has often been used as some form of currency—the launch of mobile money services by Zain has come as a huge blessing for millions of South Sudanese.

Zain launched the first mobile money service in the country after persistent reports made a case for it, noting that it is the most plausible way to bridge financial inclusion gaps. A negligible number"...

July 17, 2019 (JUBA) - South Sudan has officially launched its first mobile money service platform codenamed, M-Gurush.

The service, officials said, represents a partnership between the mobile phone operator Zain South Sudan and Trinity Technologies.

Authorities are optimistic the service will boost financial inclusion in a country whose economy has massively been affected"...

Bank of America reported its second-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190717005354/en/

• Bank of America newsroom at https://newsroom.bankofamerica.com
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JUBA) - The African Development Bank (AfDB) has allocated $24.7 million in support of a drinking water and sanitation project in war-torn South Sudan.

The project, AfDB said in a recent statement, will benefit the cities of Bor in South Sudan’s Jonglei State and Renk in Upper Nile.

The strategic project to improve water supply and sanitation in South Sudan reportedly"...

Access Bank, in partnership with She Leads Africa, has concluded the first phase of #SheMeansBusiness, a Facebook programme aimed at empowering female SMEs on how to leverage digital platforms to drive growth in their businesses.

The training, aimed at scaling up the skills of small business owners to take advantage of the captive market on social media platforms in Nigeria and beyond, kicked off in the month of June and has held in Abuja, Lagos,"...

Khartoum, July 8 (SUNA) - The World Union of Arab Bankers awarded the Bank of Savings and Social Development (BSSD) the Prize of the Best Social Responsibility Bank for the third time in a row on the 5th of the current month of July in the Lebanese capital, Beirut.

The Deputy Director General of Bank of Savings and Social Development Abdul-Moneim Mohammad Fadl-Al-Mawla"...

Khartoum – The economic block on Sudan will be lifted, and the relation between Sudan banks, correspondents and the international counterparts will be restored, said the banking expert, Ahmed Hamour.
This comment came following the agreement between the Transitional Military Council TMC and the Forces of Freedom and Change FFC last Friday.
He stated that the Banking System has been affected by the economic sanctions, saying “I hope the sanctions to be removed soon, and the money transactions from abroad"...

Turkish President Tayyip Erdogan sacked the governor of the central bank on Saturday as differences between them deepened over the timing of interest rate cuts to revive the recession-hit economy.

Governor Murat Cetinkaya, whose four-year term was due to run until 2020, will be replaced by his deputy Murat Uysal, a presidential decree published early on Saturday in the official gazette showed.

No"...

The government has revoked a decision which earlier entrusted the Ministry of Petroleum with the responsibility of wiring funds into an escrow account meant for the construction of the Juba -Bahr el Ghazal highway.

A cabinet meeting on Friday has decided to place the responsibility of control of the funding on the bank of South Sudan.

The"...

The Board of Directors of the African Development Bank on June 20, 2019, approved a proposal to commit $24.7 million to finance the South Sudan Strategic Water Supply and Sanitation Improvement Project, the regional bank said on Wednesday.

The Strategic Water Supply and Sanitation Improvement Project will support the rehabilitation of approximately 50km of the Juba town distribution network and related works, including metering and public water"...