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Ecobank: Banking Made Easy for Teens

Are you a teen looking for a bank that understands your needs and makes managing your money simple and convenient? Look no further than Ecobank! With our user-friendly services and innovative features, we make banking a breeze for teens like you.

Online Banking: Anytime, Anywhere

With Ecobank’s online banking platform, you can access your account anytime, anywhere. Whether you’re at home, school, or on-the-go, you can easily check your balance, transfer funds, and pay bills with just a few clicks. Say goodbye to long lines and inconvenient banking hours – with Ecobank, banking is always at your fingertips.

Mobile App: Banking on the Go

Our mobile app puts banking in the palm of your hand. From checking your account balance to setting savings goals, our app offers a range of features designed to help you manage your money with ease. With push notifications and alerts, you’ll never miss an important update or payment deadline again. Stay in control of your finances wherever you are with the Ecobank mobile app.

Savings and Investment Options

At Ecobank, we understand the importance of saving and investing for the future. That’s why we offer a range of savings and investment options tailored to teens. Whether you’re saving for a new gadget or planning for college, our expert advisors can help you choose the right option for your financial goals. Start building your financial future with Ecobank today.

Rewards and Incentives

As a teen customer of Ecobank, you’ll enjoy exclusive rewards and incentives designed just for you. From cashback on purchases to discounts at your favorite stores, our loyalty program rewards you for managing your money responsibly. With Ecobank, saving and spending smartly pays off in more ways than one.

Join Ecobank Today!

Ready to experience banking made easy for teens? Join Ecobank today and start managing your money with confidence. With our user-friendly services, innovative features, and tailored solutions, we’re here to help you achieve your financial goals. Sign up for an Ecobank account today and take control of your finances like never before.

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Finance

Trade minister claims multiple taxation and non-tariff barriers are detrimental to businesses.

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Trade minister claims multiple taxation and non-tariff barriers are detrimental to businesses.

The national Minister for Trade and Industry, Atong Kuol Manyang Juuk on Monday said her office has received reports that businesses are closing as a result of multiple taxation, non-tariff barriers, roadblocks, harassments and unauthorized levies.

National Chamber of Commerce has equally cautioned of the flawed and burdensome taxation system, warning that it could lead to a shutdown of business.

Key Business Threats

The minister mentioned that the key business threats, which include multiple taxation, non-tariff barriers, roadblocks, harassment, unauthorized levies, and unregulated trade practices, if left unchecked, could jeopardize the businesses and ultimately barter the economy.

Efforts to Improve Business Environment

“For the Ministry of Trade and Industry, our main focus, we want to improve the business environment so that the traders can easily do their businesses. Focusing on empowering the small, medium enterprises, as well as youth and women in particular,” Atong further stated.

Concern Over Taxation System

Last Thursday, the national Chamber of Commerce expressed concern over ‘flawed and burdensome taxation system, and warned that it was the reason many businesses are winding up operations in the country.

Chamber’s Deputy Chairperson, John Lual, criticized the multiple and uncoordinated taxes imposed by various government institutions, blaming them for the challenges faced by national and foreign traders in the country.

Trade War in South Sudan

“We are unknowingly engaged in a trade war in South Sudan. Institutional inefficiency is crippling the business environment. We are not doing what we are supposed to do,” Lual said during the opening session of the First National Trade Forum 2025 in Juba.

Impact on Businesses

“This disorganized taxation has directly led to increased prices in the market. Everyone, government officials and even ordinary citizens, are trying to collect revenue. The high level of taxation is killing businesses and scaring off investors,” he added.

In conclusion, the concerns raised by the Chamber of Commerce and the Ministry of Trade and Industry highlight the urgent need for reforms in the taxation system to ensure a conducive environment for businesses to thrive in South Sudan. Failure to address these issues could lead to further closures of businesses and deter potential investors from entering the market.

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Finance

South Sudan revenue agency advises traders to anticipate import costs.

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South Sudan revenue agency advises traders to anticipate import costs.

Importers Urged to Properly Calculate Expenses to Avoid Unnecessary Losses

The Deputy Commissioner General of South Sudan Revenue Authority (SSRA) is urging importers to properly calculate all expenses, including the cost of transporting goods from Kenya to South Sudan to avoid unnecessary financial losses.

Goods Worth Millions at Risk of Auction

Media reports have stated that goods destined for South Sudan worth millions of Kenya shillings would be auctioned, including United Nations’ shipments. According to the Kenyan media, critical construction materials, electrical components, food items, and other consumer goods essential for businesses in South Sudan are among the goods at risk.

Auctioning Exercise Targeting Importers

The notice issued on March 17 under Section 42 of the East African Community Customs Management Act 2004, states that the goods would be deemed abandoned and sold through a public auction set for May 5–9, 2025. Deputy Commissioner of South Sudan Revenue Authority, Mr. Taban clarified that the goods belong to business entities, not the government.

Reasons for Auctioning

The scheduled auctioning exercise is targeting importers who were unable to clear their goods within the individually owned land. Mr. Taban explained that excessive storage fees at the Inland Container Depot in Nairobi can quickly surpass the value of the goods being held.

Proper Budgeting Essential

The SSRA Deputy Commissioner is urging importers to appropriately budget for their goods and services destined to South Sudan to prevent losses at the port. It is crucial to calculate all costs, including transportation to the final destination, to avoid incurring excessive fees.

Impact of E-taxation

With the introduction of E-taxation, it has become increasingly difficult for some importers to smuggle goods into South Sudan, as they now risk having their goods auctioned in Kenya. This highlights the importance of proper planning and budgeting for importers to avoid financial setbacks.

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Finance

Chinese factories seek new markets as U.S. tariffs impact production.

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Chinese factories seek new markets as U.S. tariffs impact production.

Chinese Manufacturers Facing Challenges Amid U.S. Tariffs

Livelihoods at Risk

The Impact of Tariffs

Livestreaming as a New Sales Strategy

Challenges in the Domestic Market

Exploring Opportunities Outside the U.S.

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