Abu Dhabi, UAE – 13 August 2025
In a landmark move set to transform South Sudan’s financial landscape, the Central Bank of the UAE (CBUAE) and the Bank of South Sudan (BoSS) signed a Memorandum of Understanding (MoU) today to strengthen cooperation in modern banking infrastructure and payment systems.
The agreement, signed by Dr. Addis Ababa Othow, Governor of the Bank of South Sudan, and H.E. Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services at the CBUAE, marks a pivotal step toward secure, efficient, and internationally aligned financial services in South Sudan. The ceremony was witnessed by South Sudan’s Vice President, Dr. Benjamin Bol Mel, and H.E. Sheikh Shakhbout bin Nahyan Al Nahyan, UAE Minister of State for Foreign Affairs.
Key Highlights of the Agreement
- Advanced Payment Systems: The MoU establishes a framework for modernizing South Sudan’s payment card switching and transaction processing, ensuring reliability and security in line with global standards.
- Knowledge Exchange & Capacity Building: UAE banking experts will collaborate with South Sudanese professionals to enhance regulatory and technical expertise, fostering a competitive and innovative financial sector.
- Economic Growth & Inclusion: The partnership aims to accelerate digital transactions, expand financial access, and empower businesses and consumers across South Sudan.
Vice President Dr. Benjamin Bol Mel emphasized the urgency of implementation, stating: “This partnership must swiftly transition South Sudan into a regional hub for seamless payment processing—a leap forward for our economy and our people.”
The agreement builds on the foundation laid during H.E. President Salva Kiir Mayardit’s visit to the UAE in June 2025, reflecting both nations’ commitment to economic progress.
A New Era for South Sudan’s Financial Sector
With this collaboration, South Sudan is poised to unlock:
✔ Faster, more secure digital transactions
✔ Greater financial inclusion for businesses and citizens
✔ Enhanced regulatory frameworks to attract investment
As the MoU takes effect, the UAE and South Sudan reaffirm their shared vision for a future where technology and partnership drive sustainable development.
