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Equity lays off 200 S.Sudan staff amid political tension, earnings drop

Equity Bank chief executive James Mwangi. Equity, which had thirteen branches in the troubled State, now only operates five with the closures having been announced in May. FILE | PHOTO | SALATON NJAU

By  BUSINESS DAILY

Nation Media Group

Equity Bank has sent home 200 of its 300 workers in South Sudan following closure of more than half of its branches in the war torn country.

The Kenya-based bank has also frozen lending in the country due to political uncertainty as a protracted civil war ground many businesses to a halt.

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