BRICS — Brazil, Russia, India, China and South Africa — agreed at their annual summit to make Argentina, Ethiopia, Iran, Saudi Arabia, Egypt and the United Arab Emirates full members from January 1. Continue reading BRICS hails ‘historic’ entry of new members amid bloc rivalry
Category: Economy
Economy
National MPs receive $15,000 each as medical allowances
National members of parliament have received 15,000 dollars each as the balance of their medical allowances for the 2021/2022 financial year. Continue reading National MPs receive $15,000 each as medical allowances
Kiir jets to South Africa for BRICS Summit
President Salva Kiir left Juba on Tuesday for South Africa to attend the BRICS Summit which seeks to discuss economic revival and ways to counter Western dominance in global affairs.
BRICS leaders are meeting in the city of Johannesburg starting August 22, to discuss political and economic cooperation.
South Sudan’s Minister of Presidential Affairs Dr. Barnaba Marial Benjamin said the meeting will focus on consolidating political and economic influence in the developing world, marking a crucial moment in international diplomacy.
“President Kiir has been officially invited to participate in the meeting, which discusses crucial economic matters in the global South”, Marial said, according to the Office of the President.
BRICS is a grouping of Brazil, Russia, India, China and South Africa, and the leaders will in this meeting discuss the proposed expansion of the bloc.
Representing 40 percent of the world’s population across three continents, with economies at different levels of growth, the BRICS share a common desire for a global order they see as better reflecting their interests and rising clout.
The theme of its 15th summit is “BRICS and Africa” and comes as the continent emerges as a renewed diplomatic battleground with the United States, Russia and China jostling for economic and diplomatic influence.
BRICS summit of emerging economies to begin in South Africa
BRICS leaders meet in South Africa on Tuesday as the loose association of major emerging economies seeks to assert its voice as a counterweight to Western dominance in global affairs. Continue reading BRICS summit of emerging economies to begin in South Africa
Yei farmer Emmanuel Anur seeks to commercialize maize farm
Emmanuel Anur, a farmer in Yei River County flaunts his one-and-half-hectare farmland which has been the source of fresh and enough food for his family, but for business to boom, the 32-year-old now plans to expand it by several hectares to earn him surplus for sale. Continue reading Yei farmer Emmanuel Anur seeks to commercialize maize farm
Global oil prices rise as OPEC cuts export in August
Oil prices rose on Monday in the global market amid lower exports from OPEC member states and observers including major suppliers Saudi Arabia and Russia, as global demand grows. Continue reading Global oil prices rise as OPEC cuts export in August
Youth unemployment blamed on ‘crippling” taxes
A youth advocate in Juba said Saturday the tax system in the country is one of the reasons young people cannot access jobs or start successful businesses. Continue reading Youth unemployment blamed on ‘crippling” taxes
Adil forms committee to probe Konyokonyo shops ownership wrangle
Central Equatoria State Governor has formed an ad-hoc committee to investigate persistent disputes over lands and shops at Konyo-konyo Market in Juba – where traders are allegedly double-taxed.
Emmanuel Adil Anthony formed the committee led by the state Minister of Trade and Industry Tom Wani Sebit, and deputized by Acting Juba Mayor Emmanuel Khamis Richard.
The First Director General of the Ministry of Housing, Lands and Public Utilities is the group’s secretary, while other members are the state Head of Legal Administration and Public Prosecution Attorney, representative of the Islamic Council and National Security Service.
They have been tasked to investigate what was referred to as a persistent dispute over “the lands/shops of the Islamic Council at Konyo-Konyo Market,” and to resolve the dispute.
They will submit reports to the governor on a daily basis “until the end of the function as from the date of this Gubernatorial Order.”
Juba City Council and South Sudan Islamic Council have long been battling for ownership of 200 shops at a section of the Konyo-konyo Market.
This situation has reportedly resulted in the harassment and double taxing of traders in ground rental fees, further forcing traders to hike prices in order to cover their losses.
On August 28, 2022, the state Chamber of Commerce requested Juba City Council and the Islamic Council to await a court verdict over their ownership claims of the shops.
Chamber of Commerce Chairperson Robert Pitia told Eye Radio, the conflicting parties should stop taking fees from renting traders until the matter is resolved in court.
South Sudan to import fiber optic from Kenya
President Salva Kiir and Kenya’s President William Ruto have agreed on boosting trade and strengthening bilateral cooperation including implementation of the LAPSSET projects and a deal for South Sudan to import fiber optic.
Continue reading South Sudan to import fiber optic from Kenya
South Sudan ranked world’s poorest by GDP per capita
South Sudan has been ranked by Forbes as the poorest country in the world in terms of GDP per capita and Purchasing Power Parity (PPP), data that a researcher in Juba said is justifiable due to the lack of exploitation of available resources.
Continue reading South Sudan ranked world’s poorest by GDP per capita