Equity Bank sees a bleak future for the South Sudan market

Equity Group chief executive James Mwangi. PHOTO | FILE | NMG

Equity Bank #ticker:EQTY has declared its South Sudanese business “dormant”, casting doubts on the future of the Sh11 billion operation that at its peak only four years ago contributed Sh1.1 billion to the company’s pre-tax profit.

South Sudan has been hit by political and economic upheaval since 2013 when the world’s youngest nation plunged into civil war.

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