Juba has been described as undergoing an economic boom, especially in the past five years and since independence. The prospect of an economic boom has brought thousands of merchants to Juba, mostly from northern Sudan and from East Africa. , several regional and international businesses have established a presence in Juba. The Commercial Bank of Ethiopia and the Kenyan banking conglomerate Kenya Commercial Bank has its South Sudanese headquarters in the city and a branch network of eleven (11) branches throughout South Sudan. The three indigenous South Sudanese commercial banks namely; Buffalo Commercial Bank, Ivory Bank and Nile Commercial Bank, all maintain their headquarters in Juba. Equity Bank, another regional finance services provider also has a branch in Juba. National Insurance Corporation (NIC), the leading Ugandan insurance services provider, maintains an office in the city. Despite recent economic difficulties brought about by the December 15th 2013 civil war, Juba has continued to grow and construction is still booming. This is probably due to the high demand for affordable housing and hotel accommodations. Research from the Overseas Development Institute found that markets in Juba are transient, as many traders only come to make a quick profit and so do not invest in storage facilities or shops.