An official says commercial boats and barges pay up to one million South Sudanese pounds to pass thirteen illegal checkpoints along the Nile River between Juba and Malakal towns. Continue reading Illegal river checkpoints defrauding boats of millions – official
Category: Economy
Economy
36 shops razed down by fire at Pibor Market
The Mayor of Pibor town said midnight fire outbreak destroyed 36 shops at Pibor Market on Monday, leading to unspecified losses. Continue reading 36 shops razed down by fire at Pibor Market
Here’s everything you need to know about Budget 2022/2023
The national parliament on Tuesday passed a nearly 1.4 trillion pounds fiscal budget for 2022/2023 with a deficit of 560 billion pounds. Continue reading Here’s everything you need to know about Budget 2022/2023
Central Bank reduces amount offered at dollar auction
The Central Bank has reduced the weekly auction to commercial banks and forex bureaus from 20 million to 10 million US dollars respectively.
Continue reading Central Bank reduces amount offered at dollar auction
Sudan collects profit taxes from MTN, Zain Juba- reveals R-TNLA
A report by the national parliament says the two major Mobile Network operators Zain and MTN are still paying business profit taxes to Sudan. Continue reading Sudan collects profit taxes from MTN, Zain Juba- reveals R-TNLA
Silicone Valley investors count losses as Juba office remains closed
Some Silicone Valley Shares investors are counting losses after investing thousands of US dollars in the US-based company and calling on the government to help recover their money.
Continue reading Silicone Valley investors count losses as Juba office remains closed
Big win to MPs as Dier Tong promises them medical allowance
The Minister of Finance and Economic Planning Dier Tong has promised payment of medical allowance to lawmakers.
Continue reading Big win to MPs as Dier Tong promises them medical allowance
BoSS directs commercial banks to freeze Silcone Valley accounts
The Bank of South Sudan has directed commercial banks to freeze the accounts of the controversial Company, silicone valley Shares.
In a letter dated 23RD September obtained by Eye Radio, the Central Bank’s the Director of Supervision Department stated that the company is still under investigation on issues related to compliance with South Sudan laws.
The statement reads, “The bank of South Sudan’s [BOSS] top management would like to inform you that, Silicone Valley o.ltd is still under investigation on issues related to compliance with all the laws of South Sudan. Therefore, you are therefore directed to block and freeze the bank accounts of Silicone Valley Co.ltd until further notice.”
The directive signed by Deng Aru Bol comes after some South Sudanese stormed the company’s claiming their shares.
They protested after the company’s juba office ceased its website resulting in the suspension of their investment accounts.
An unspecified number of South Sudanese had deposited different amounts with the company purportedly headquartered in St Francisco, USA in anticipation to make profits.
Some have reportedly deposited up to 100, 000 US dollars.
Mid-this month, police headquarters advised the embattled individual to open a case, saying the online company was legally registered.
Eye Radio repeatedly contacted the country representative of the US-based company Silicone Valley Shares, but never responded to a single call.
Oil minister urges investors to build local refineries
The Minister of Petroleum has encouraged foreign investors to build crude oil refineries in South Sudan to end the country’s dependence on fuel imports from the region. Continue reading Oil minister urges investors to build local refineries
Kiir urges public to prioritize agriculture
President Salva Kiir on Saturday repeated his call on household farmers and idle people to engage in agricultural activities to improve their livelihoods. Continue reading Kiir urges public to prioritize agriculture