Kenya's rapidly-expanding Equity Bank has obtained approval to begin operations in South Sudan as the region recovers from 21 years of civil war, its chief executive said on Monday.
"We are happy to announce that we now have both approvals from the Central Bank of Kenya and the Bank of Sudan and we are now mobilising resources to start business there," James Mwangi, Equity Bank's chief executive, told journalists in Nairobi.
Equity hopes to start business in South Sudan by the end of 2008 in six towns -- the provincial capital Juba, Malakal, Yambyo, Wau, Kaya and Nimule.
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