Tuesday, January 31, 2023

Co-op Bank’s ambitious push for girls’ education in South Sudan

Girls’ Education in South Sudan: In pursuit of our vision and mission and in the process of transforming the lives of South Sudanese the Bank partnered with various stakeholders (Administration authorities, Ministry of General Education & Instruction, CGA, GESS Secretariat) to implement cash payments to school-going girls in a project duped ‘Girl Education South Sudan (GESS)’.

The Bank evidenced its experience and capability in making massive payments where a total of 127,793 girls were paid. The programme was executed efficiently and recorded time across the country despite various challenges including insecurity in some areas, bad weather, and communication.

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The project has been integral to increasing enrolment to the highest level ever at 1.3 million pupils in 2016. 43% of these pupils were girls. The project benefitted over 200 schools despite the conflict over the last three years.

The Bank was involved in a similar project in 2015 where the Bank successfully implemented the same with a 94% success rate. The Bank aims to partner with other organizations and NGOs in South Sudan to carry out similar projects in future.

This comes barely a year after the bank extended its joint venture with the government of South Sudan by three years, renewing the parties’ co-ownership of the lender’s subsidiary headquartered in Juba.

The subsidiary is also known as the Co-operative Bank of South Sudan. It is a unique joint venture partnership with the Government of South Sudan, in which Co-op Bank holds a 51 per cent stake and the Government of South Sudan a 49 per cent.

In addition, the Co-operative Bank has written off a cost incurred to implement a new software amounting to Sh. 671.56 million. The South Sudan subsidiary commenced operations in September 2013 and runs four branches.

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