A Co-operative Bank branch in Nairobi. The planned transfer of the minority stake to the South Sudanese Co-operative movement had been delayed by economic and political challenges in the country. PHOTO | FILE | NMG
Kenya’s Co-operative Bank has pumped in additional capital of Ksh372 million ($3.2 million) to its subsidiary in South Sudan. The unit has accumulated losses of Ksh3.29 billion ($28.36 million) in its eight years of operation.
The Juba-based subsidiary commenced operations in September 2013, and runs four branches.
