Category: Economy

The International Monetary Fund (IMF) has backed a move by the South Sudanese government to restrict using the US dollar in local transactions and contracts as part of the efforts by President Salva Kiir’s administration to contain the high cost of living that has hit households and businesses. Continue reading IMF backs South Sudan push to restrict dollar transactions

Trinity Energy has described as defamatory, The Sentry report uncovering its alleged deals in South Sudan’s oil-backed loan, saying it contains significant and defamatory allegations against the organization and its subsidiaries. Continue reading Trinity Energy downplays The Sentry corruption report

The Sentry has called on the region, Western countries, and the United Nations to impose sanctions on individuals and entities involved in corrupt oil deals in South Sudan. Continue reading The Sentry asks West, UN to sanction corrupt individuals, entities

A new investigative report by The Sentry has exposed corruption in the country’s oil sector by Trinity Energy Limited and a foreign bank with the backing of South Sudan government. Continue reading Trinity Energy thrives in ‘corrupt’ govt-backed oil deals – The Sentry

A university student is encouraging South Sudanese to embrace all income-generating businesses and end gender roles that undermine women’s entrepreneurship. Continue reading Student urges jobless youth to venture into small businesses

The government of Upper Nile State has resolved that all the counties in the state will benefit from the three percent of oil revenues allocated to oil-producing areas in the state. Continue reading Upper Nile govt to distribute 3% oil revenue to all counties

The Bank of South Sudan has reintroduced auctioning of US dollars to commercial banks and Forex bureaus amid the weakening of South Sudanese Pounds against US dollars. Continue reading Central Bank resumes dollar auctions to fight inflation

The Bank of South Sudan has directed licensed Forex bureaus and commercial banks to openly display their daily exchange rates from pounds to foreign currency. Continue reading BoSS directs Forex bureaus, commercial banks to display exchange rates

The Bank of South Sudan said the rise in value of the United States dollar against the local currency is partly due to the hikes of interest rates by the US Federal Reserve. Continue reading Central Bank blames inflation on hikes of US interest rate