The central bank has acknowledged that lending money to the government is harmful to the economy of the country. Continue reading What lessons BoSS learns from lending money to Govt
Category: Economy
Economy
Jubek governor offers Chinese construction company land
The governor of Jubek State has handed over a piece of land to Shangdong High-Speed group of companies as its headquarters. Continue reading Jubek governor offers Chinese construction company land
South Sudan to boost oil production within two months
South Sudan will resume oil production in three previously closed oilfields in former Unity state to boost daily production by 70,000 barrels per day in June. Continue reading South Sudan to boost oil production within two months
Govt proposes 106 billion SSP for 2019/2020 fiscal year
The ministry of finance has proposed more than 100 billion South Sudanese pounds for the fiscal year 2019/2020. Continue reading Govt proposes 106 billion SSP for 2019/2020 fiscal year
Chinese company to begin road construction in 2 weeks
South Sudan and a Chinese company have signed an agreement for the construction and upgrading of major national and interstate highways. Continue reading Chinese company to begin road construction in 2 weeks
Fuel crisis to end in 3 days -NilePet
The government oil firm, Nilepet, says the current fuel crisis will end soon as it expects fuel trucks from Kenya. Continue reading Fuel crisis to end in 3 days -NilePet
S.African leaders demand explanation for $1B deal with S.Sudan
Members of the leading opposition Party in South Africa are demanding for an explanation from the country’s Energy Minister about the $1billlion oil deal he signed with South Sudan last year. Continue reading S.African leaders demand explanation for $1B deal with S.Sudan
Corruption & profiteering still a “threat to peace” -Enough Project
A new report by the US-based Think Tank – the Enough Project says the peace agreement in South Sudan faces what it describes as “serious threats from a deep-rooted system of corruption and profiteering. Continue reading Corruption & profiteering still a “threat to peace” -Enough Project
NRA boss threatens officials & banks opposed to tax reforms
The South Sudan National Revenue Authority has threatened to name and shame government and bank officials who are still opposed to the single treasury account idea. Continue reading NRA boss threatens officials & banks opposed to tax reforms
Gov’t warned against selling oil in advance
The International Monetary Fund or IMF has advised the government of South Sudan against selling crude oil in advance, saying it is expensive and non-transparent. Continue reading Gov’t warned against selling oil in advance