Economy
Juba has been described as undergoing an economic boom, especially in the past five years and since independence. The prospect of an economic boom has brought thousands of merchants to Juba, mostly from northern Sudan and from East Africa. As of October 2010, several regional and international businesses have established a presence in Juba. The Kenyan banking conglomerate Kenya Commercial Bank has its Southern Sudanese headquarters in the city and a branch network of eleven (11) branches throughout Southern Sudan. The three indigenous Southern Sudanese commercial banks namely; Buffalo Commercial Bank, Ivory Bank and Nile Commercial Bank, all maintain their headquarters in Juba. Equity Bank, another regional finance services provider also has a branch in Juba. National Insurance Corporation (NIC), the leading Ugandan insurance services provider maintains an office in the city.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
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