Financial Institutions

The history of financial institutions in South Sudan is a short one.

Throughout Khartoum rule till the end of civil war in 2005, there were very few commercial banks concentrated in Juba, Wau and Malakal.

As of November 2013, 28 Commercial Banks are now operating in South Sudan and more than 70 applications on the pipeline, 10 Micro Finance Institutions, 86 Forex Bureaus and a handful of Insurance companies

Current state of the Sector

Despite the increased number of financial institutions, competition is still limited and services are mainly concentrated in the urban hubs. Four main products banks offer consist of basic deposit accounts, foreign exchange, transfer, and remittance services. A few commercial banks provide loans, trade finance, or saving products. Most lending in South Sudan is short-term and concentrated in commerce, trade, construction, salaries related loans and hotels in the urban areas

Financial Institutions in South Sudan have been summarized to include the following

Central Bank of South Sudan

Commercial Banks in South Sudan

Insurance Companies in South Sudan

 

 

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Financial Institutions in Rwanda

The financial sector of Rwanda has improved greatly 72% of Rwandan adults are financially included, with 42% of the Rwandan population in the formal financial system (23% served by commercial banks and 33% served by non-bank formal institutions), and 58% use informal financial mechanisms.

The banking sector is comprised of 9 commercial banks, 3 microfinance banks, 1 development bank and 1 cooperative bank

The microfinance sector is comprised of 490 Institutions of which 11 are limited companies and 479 SACCOs (including 416 UMURENGE SACCOs).

There are 12 insurance companies (7 non-life insurers, 3 life insurers and 2 public insurers).

1 public pension fund, the Rwanda Social Security Board and around 40 private pension schemes.

105 operational forex Bureaus

And 1 stock exchange.

The financial institutions in Rwanda have been summarized to include the following

National Bank of Rwanda

Insurance Companies in Rwanda

Insurance Institutions in Rwanda

Commercial Banks in Rwanda

The Institute of Certified Public Accountants of Rwanda (ICPAR)

 

Source: BNR and FinScope, 2012.

http://www.rdb.rw/rdb/financial-services.html

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Financial Institutions

Kenyan financial sector comprises of Banking, Insurance, Capital markets, Pension Schemes and Quasi-banking institutions such as: Savings and Credit Cooperative Societies (SACCOs); Microfinance Institutions (MFIs); Building Societies, Kenya Post Office Savings Bank (KPOSB); Development Finance Institutions; (DFIs) and informal financial services such as Rotating Savings and Credit Associations (ROSCAs).

The information about the financial institutions of Kenya includes;

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