As the South Sudanese pound depreciates to a historic low against the United States dollar, the country’s Central Bank said it is concerned about the situation, and for the first time, attributes it to South Sudan’s dependence on imports. Continue reading BOSS says inflation due to import dependence, now what
Category: Economy
Economy
Central Bank blames inflation on imports dependency
The Bank of South Sudan on Friday said the sharp depreciation of South Sudan currency against the U.S. dollar is partly, due to the country’s dependence on imports from the region. Continue reading Central Bank blames inflation on imports dependency
Bakosoro in Cote d’Ivoire for social security forum
The Minister of Public Service and Human Resource Development is in Cote d’Ivoire to attend the Social Security Forum for Africa. Continue reading Bakosoro in Cote d’Ivoire for social security forum
Strategist urges govt to channel oil revenue to agriculture
A doctoral student is calling on the South Sudan government to invest oil revenues in agriculture to boost the economy. Continue reading Strategist urges govt to channel oil revenue to agriculture
Juba residents decry high market prices
Some Juba City residents have complained about the sharp rise of commodity prices in the market caused by the depreciation of the local currency against the U.S. dollar. Continue reading Juba residents decry high market prices
South Sudan, Ethiopia sign deal to construct highway
The governments of South Sudan and Ethiopia signed an agreement on Thursday to build a highway linking the two countries, President Kiir’s office announced. Continue reading South Sudan, Ethiopia sign deal to construct highway
Govt, ICRC introduce imported cassava species
The national Minister of Agriculture and the International Committee of the Red Cross have introduced two new disease-resistant cassava varieties for distribution to farmers to address food insecurity. Continue reading Govt, ICRC introduce imported cassava species
Warrap distributes 500 ox-ploughs to farmers
The government of Warrap State and the World Vision organization have distributed five hundreds of ox-plows to farmers in Kuajok and the Tonj region. Continue reading Warrap distributes 500 ox-ploughs to farmers
NBGs rallies citizens to step up cultivation
The government of Northern Bahr el Ghazal on Saturday launched the Agricultural Seasonal – a campaign mobilizing farmers to produce enough food for the state this rainy season. Continue reading NBGs rallies citizens to step up cultivation
Central Bank cancels $5 million dollars auction
The Bank of South Sudan said it has canceled the auctioning of US dollars to commercial banks and Forex bureaus after the foreign exchange committee observed irregularities. Continue reading Central Bank cancels $5 million dollars auction