Northern Bahr el Ghazal State market is experiencing a severe shortage of goods and rising prices of essential commodities due to the influx of those who fled fighting in Sudan, the authorities said. Continue reading NBS market hits by commodities shortage due influx of refugees
Category: Economy
Economy
US to remove Uganda, three other African countries from Agoa trade deal
Uganda, Niger, Gabon and the Central African Republic join a growing number of African countries to lose duty-free access to the United States market.
Continue reading US to remove Uganda, three other African countries from Agoa trade deal
Raja farmers expect good harvest of peanut, cassava crops this year
Authorities in Raja County of Western Bahr el Ghazal State expect a bumper harvest this year as the farmers have planted about 200,000 acres of land. Continue reading Raja farmers expect good harvest of peanut, cassava crops this year
South Sudan survives suspension from SWIFT payment system – Makuei
South Sudan has survived suspension from the SWIFT code system after a global money laundering and terrorist financing watchdog found it in conformity with all financial rules and regulations, the government spokesperson said.
Continue reading South Sudan survives suspension from SWIFT payment system – Makuei
Garang boasts of enough hard currency reserves amid inflation fears
The Governor of the Bank of South Sudan has doubled the amount of hard currency auctioned to forex and commercial banks as he boasts of “sufficient” foreign reserves to stabilize the financial market. Continue reading Garang boasts of enough hard currency reserves amid inflation fears
South Sudan tipped to join economic bloc COMESA
An official of the Common Market for Eastern and Southern Africa (COMESA) said South Sudan is well placed to join the largest regional economic bloc in the continent as it is already surrounded by countries that are already members. Continue reading South Sudan tipped to join economic bloc COMESA
Amuor urges parliament to ensure NilePet independence
The Managing Director of state-owned Nile Petroleum Corporation is calling on the parliament to empower the institution to ensure its transparency and independence. Continue reading Amuor urges parliament to ensure NilePet independence
Central Bank warns pound is plummeting over civil servants pay rise
The Bank of South Sudan said on Friday it has observed that the United States dollar is “modestly” strengthening against local currency due to the recent payment of civil servant’s salary. Continue reading Central Bank warns pound is plummeting over civil servants pay rise
Finance minister warns money lenders against fraudulent interest rates
The Minister of Finance and Planning on Thursday warned money exchange offices, financial agencies and individuals against issuing illegal and excessive interest rates in the lending business. Continue reading Finance minister warns money lenders against fraudulent interest rates
Wau Prison inmates cultivating own food
Dozens of inmates at Wau Prison in Western Bahr El Ghazal State, where UNMISS said food insecurity is taking a toll, have turned to farming as part of their rehabilitation process and to avert starvation caused by food shortage.
Continue reading Wau Prison inmates cultivating own food