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Kenyan banks in South Sudan most profitable despite turmoil, says CBK

South Sudanese government soldiers in operation. Business potential in the youngest nation remains good despite the volatile political environment.

NAIROBI: Kenyan banks got more money from subsidiaries in South Sudan than elsewhere despite the challenging business environment.

Data compiled by Central Bank of Kenya (CBK) shows subsidiaries operating in South Sudan accounted for 33 per cent of the total profits, although only three banks have operations there.

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