The Bank of South Sudan on Tuesday announced the auctioning of US dollars to commercial banks and Forex bureaus as the South Sudanese Pounds continue to weaken against US dollars. Continue reading Central Bank resumes auctions amid worsening inflation
Category: Economy
Economy
Mundri East commissioner bans gatherings
The Commissioner of Mundri East County has issued a local order banning gatherings to discourage idleness and promote agricultural activities in the area. Continue reading Mundri East commissioner bans gatherings
Juba mayor bans manual revenue collection
The Mayor of Juba City on Thursday issued an order stopping manual revenue collection and effecting transition into digitalized revenue system. Continue reading Juba mayor bans manual revenue collection
Kiir relieves Bol Mel from NilePet
President Kiir has relieved Benjamine Bol Mel as a board member of the Petroleum and Gas Cooperation, Nile Pet, and replaced him with businessman Ladu Lukak.
This was through a Republican decree read on the State’s own TV SSBC Wednesday evening.
Bol Mel was appointed by the President last year in December as the Presidential Special Envoy on Special Programs.
His removal from Nilepet Board members comes a month after he was appointed as SPLM’s First Deputy Secretary General for Political Affairs and Mobilization, replacing Akol Paul Kordit.
In a separate decree, President Kiir appointed businessman Ladu Lukak in the place of Bol Mel as a new board member of the NilePet.
Ministry of Finance suspends all non–salary payments
The Ministry of Finance and Planning has suspended non–salary payments and submission of new claims.
This is according to a public notice issued yesterday by the 1st Undersecretary, Ocum Genes.
“The Ministry of Finance asked the public to adhere to the public notice which mentioned that follow-up will only be on salary-related issues till salary payments are done,” read the notice.
He warned that no salary claims will be addressed until the ministry fulfills certain obligations including clearing outstanding civil servant salaries.
Genes appealed to the public to cooperate and bear with the public notice.
The move comes after President Salva Kiir in recent months issued several directives to the Minister of Finance to pay the salary arrears and allowances of civil servants.
Last month, President Kiir authorized the Ministry of Finance to pay February and March salary arrears and allowances of all Public Universities based on the current salary scale.”
The decision followed series of protests by the public universities.
South Sudan decries dwindling oil prices over Sudan conflict
The government said Friday that the country’s crude oil price has plunged from $100 per barrel to $70 per barrel as oil companies allegedly exploiting the insecurity in Sudan force it to devalue the price. Continue reading South Sudan decries dwindling oil prices over Sudan conflict
Gov’t urged to establish gold market authority
The Central Equatoria Business Union has called for the establishment of a centralized national gold-selling board to regulate the sector. Continue reading Gov’t urged to establish gold market authority
S. Sudanese medical student starts cassava-processing business in Uganda
Ms. Natalia Namaku, a 25-year-old South Sudanese medical student in Uganda is now a part-time entrepreneur who has founded a cassava flour processing business to cater for her basic needs. Continue reading S. Sudanese medical student starts cassava-processing business in Uganda
South Sudan “prays” Sudan warring parties spare oil pipelines
The Minister of Petroleum appeals to the Sudanese government and conflicting sides to protect oil infrastructures such as pipelines from destruction, for the best benefit of the two countries. Continue reading South Sudan “prays” Sudan warring parties spare oil pipelines
Petroleum Minister sets contingency plans as Sudan’s war derails logistics
The Ministry of Petroleum and its investment partners have set up an emergency response team to ensure the smooth operation of the oil fields amid the war in Sudan.
The decision comes as the fighting, according to the ministry, has mildly affected the logistics and transportation of critical materials and equipment through Port Sudan to the oil fields in South Sudan.
This team is being guided by a well-defined and structured contingency plan that will proactively mitigate the severity of the impact of fighting in Sudan by re-rerouting all the logistics and transportation through other safer routes,” said Puot Kang, the Minister of Petroleum in a press conference in Juba on Thursday.
The Minister says the oil field facilities which include the pipelines, pump stations, field processing facilities, and the export Marine terminal are intact and well protected from any collateral damages.
Mr.Kang says production and export of the proceeds have not been affected and there are yet materials and equipment enough to support the activities in the next three months.
” We continue to produce and export an average of 169,140.81 barrels of crude oil per day from all oilfields in the Republic of South Sudan as I speak, ” he said.
According to him, the Emergency Response Team will ensure continues communication and cooperation with the Sudanese counterparts on the production and exportation of crude oil.
The contingency team will also coordinate with Kenyan and Djibouti authorities to ensure timely clearance and transportation of materials and equipment needed for the activities at the oil fields.
It is also to ensure expeditious evacuation and relocation of the personnel and asset in case to safe locations in case they face any threats.
The Ministry has called on the warring parties to cease hostilities and return to negotiations to resolve the crisis.
Mr. Kang warns that prolonging the war will directly affect the economy and Social Welfare of the two countries.