KIMEU: Sanctions against South Sudan should worry Kenyan banks

Customers at a KCB banking hall in Juba, South Sudan. FILE PHOTO | MORGAN MBABAZI 

About a week ago, the US Treasury Department imposed sanctions on two South Sudanese government officials and one former official for their roles in threatening the peace, security, or stability of South Sudan.

While these developments do not seem significantly germane to Kenya, they could trigger a domino effect that will rattle the Kenyan financial system as well as customers of those Kenyan banks who have dealt with South Sudan’s political and military elite.