FORMER IMF CHEF OPENS PRIVATE BANK

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Former IMF or International Monetary Fund chief opened a private bank in Juba.

Dominique Strauss-Kahn opened the National Credit Bank or NCB in Juba town on Monday morning.

Mr Strauss-Kahn fell in disgrace after a sex scandal in New York.

South Sudan’s Central Bank Governor Kornelio Koryom Mayik attended the NCB opening.

The NCB bank is a Swiss-backed private venture launched in cooperation with South Sudanese partners.

South Sudan is witnessing a boom of international banks opening branches in Juba.