(JUBA) – Leaders from government, banking and academic institutions convened at the Bank of South Sudan (BoSS) Conference Hall on Thursday for a one day policy workshop focused on advancing financial inclusion and market development across the country.
The event was jointly organised by BoSS, the Ebony Centre for Strategic Studies, and the African Economic Research Consortium (AERC).
The workshop drew high level participants, including BoSS Governor Hon. Dr. Addis Ababa Othow, Deputy Minister of ICT and Postal Services Hon. David Yau Yau, undersecretaries from relevant ministries, lawmakers, university representatives, commercial banks and mobile money operators.
In his opening remarks, Dr. Othow highlighted the need for collective action to increase public awareness and encourage the adoption of modern banking systems. He stressed that a coordinated approach across sectors is crucial to strengthen the country’s financial ecosystem.
Hon. Yau Yau spoke on the broad benefits that digital and mobile financial systems offer to both financial institutions and citizens, noting their potential to increase efficiency, transparency and economic participation across South Sudan.
The workshop featured presentations on critical topics, including “Impediments to the Evolution of Mobile Money and Financial Inclusion in South Sudan,” delivered by BoSS Director General for Policy, Research, and Statistics Abugo Charles Joseph Abate.
This presentation drew on research by former BoSS Governor Dr. James Alic Garang. Another key session, “Financial Inclusion and Market Development,” was delivered by Hon. Jacqueline Nyibol Ajongo and Professor Samson Taban Joseph.
Following the presentations, participants from diverse sectors shared reflections, highlighting the strategic importance of embracing digital banking systems to enhance access to financial services and foster sustainable market growth.
A key takeaway from the workshop was the recognition that integrating mobile money platforms with traditional banking services can help reach underserved populations, particularly in rural counties, while supporting economic stability and growth.
According to a statement on the BoSS Portals, the Bank of South Sudan plans to follow up with sectorspecific initiatives and public awareness campaigns to accelerate adoption of digital financial services across the country.
Mobile Money and Financial Inclusion Opportunities in South Sudan
| Indicator | Current Status | Potential Impact |
|---|---|---|
| Mobile money penetration | ~15% of population | Increase access to banking for underserved communities |
| Digital payment adoption | Limited in rural areas | Enable faster, safer transactions |
| Bank account ownership | ~10% of adults | Promote savings culture and credit access |
| Financial literacy | Low | Empower citizens to use financial tools effectively |