Kenyan banks push back against South Sudan’s minimum capital rules
Stanbic Bank Kenya and South Sudan Chief Financial Officer Dennis Musau l(left) and Kenya Commercial Bank (KCB) Group Director Finance Lawrence Kimathi.
Kenyan banks with subsidiaries in South Sudan are pushing back against a new recapitalisation directive issued by the country’s central bank.
In December 2024, the Bank of South Sudan instructed foreign banks to raise their minimum capital to $20 million by the end of 2025, increase it to $25 million by the end of June 2026 and finally to $30 million by the close of 2026.
