FINANCIAL advisory services firm Ernst and Young has set shop in Juba, South Sudan that will be headed by a Kenyan, Patrick Kamau.
The firm said it wants to tap into the new office will serve clients in the financial, oil and gas, mining and agricultural sectors including the donor community and the Government of South Sudan. It is the eighth office that the firm has opened within Eastern Africa.
The firm has offices in Kenya, which is the regional hub; Uganda, Rwanda, Tanzania and Ethiopia. In Kenya there are offices in Nairobi, Mombasa and Nakuru.
“The South Sudan office will offer a full range of services, which will assist in attracting investment from international markets and neighbouring countries, as well as current and potential clients doing business in the Eastern Africa region," saidGitahi Gachahi, Ernst & Young Eastern Africa Chairman and CEO.
Ernst & Young's operations are in assurance, tax, transaction and advisory services. Following the opening of the Juba office Ernst & Young now has representation in 33 countries across Africa.
“Given the unexploited mineral wealth, mainly in oil extraction, South Sudan has the potential to be a substantial market in the next few years,” said Patrick Kamau.
Ernst & Young clients in South Sudan includeUNDP,World Vision, Nile Commercial Bank, Charter One Bank, Plan International, International Community Bank, South Sudan Law Society, MTN,Equity Bank Group, PETRONAS Marketing Ventures,KIVA,OSIEA.