Tagged:

South Sudan War Forces East Africa's Biggest Bank to Retreat

The largest bank by assets, KCB Group, plans to shut down some of its branches citing civil strife, devaluation of the country's currency, and hyperinflation which negatively impacted the lender's earnings last year.

Daily Monitor

KCB branch in Wau, South Sudan.

Follow AllAfrica

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.