National, News

President Kiir inaugurates Central Bank headquarters

By Bosco Bush

 

President Salva Kiir Mayardit inaugurated the newly constructed headquarters of the Bank of South Sudan (BOSS) in Juba.

The 12-storey building, constructed by the Chinese firm Shandong Hi-Speed Co-Ltd, is designed to accommodate around 500 people and includes office spaces and recreational facilities.

Construction began in February 2022 and was expected to be completed within 24 months.

During his speech at the inauguration, President Kiir emphasized the importance of the facility for the development and economic growth of South Sudan, urging the government and citizens to focus on these goals.

“I urge the government and citizens to focus on development, improve economic growth, promoting peace and social harmony,” Kiir said

Meanwhile, Central Bank Governor, Dr. James Alic Garang appreciated the May 31st Presidential Order–declaring the independent operations of the institution without interference from other government institutions.

On his part, BOSS First Deputy Governor, Samuel Yanga Mikaya, called on other banking institutions to cooperate with them in developing the banking system of the country by establishing similar developmental projects in the area.

“We would like to encourage the commercial banks and other financial institutions to follow suit by investing in land around us and bring their headquarters around the Central Bank. Let us transform this area into a financial hub,” Yanga stated.

 

 

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