The East African Community has denied issuing a single currency unit for the region following the circulation of a fake banknote named Sheafra, purported to have been approved by the bloc. Continue reading EAC bloc denies issuing common currency unit
Category: Economy
Economy
CES govt promises measures to address rising meat price
The government of Central Equatoria State has promised butchers in Juba to address the challenges facing them including reducing the price of meat in the state. Continue reading CES govt promises measures to address rising meat price
Lakes State denies alleged Rumbek market closure over inflation
Lakes State government dismissed reports that traders in local markets have closed their shops over the sharp decline in value of the South Sudan pound, but verified photos show a closed section of the market. Continue reading Lakes State denies alleged Rumbek market closure over inflation
Govt explores road connectivity as economy plummets
The South Sudan government has disclosed 13 major priority highways, including transnational routes to enhance trade as some businessmen complain about lack of road connectivity in the country. Continue reading Govt explores road connectivity as economy plummets
Works on Juba-Nadapal, Juba-Nimule highways to commence soon – says VP Taban
South Sudan is set to commence construction of the Juba-Nadapal highway and rehabilitation of the potholes-infested Juba-Nimule Road, said the Vice President for Infrastructure.
Continue reading Works on Juba-Nadapal, Juba-Nimule highways to commence soon – says VP Taban
Crude oil set for smooth flow as pipelines under repair: Amour
The flow of South Sudan crude oil to Port Sudan will soon be restored in the coming weeks after the report of the pipeline damages, according to the Managing Director of Nile Petroleum Corporation. Continue reading Crude oil set for smooth flow as pipelines under repair: Amour
Dr Lomuro says weak institutions reason for economic stagnation
The Minister of Cabinet Affairs attributed weak institutional capacity as one of the reasons why South Sudan’s economy is not improving. Continue reading Dr Lomuro says weak institutions reason for economic stagnation
Lukak wants high electricity cost addressed
The Chairperson of the South Sudan Chamber of Commerce is calling on the government to address the cost of electricity in Juba, describing it as the most expensive in the world. Continue reading Lukak wants high electricity cost addressed
Central Bank to open tax collection branch in Nimule
The Bank of South Sudan said it will open a branch in Nimule of Eastern Equatoria State in one month to take charge of the collection of non-oil revenue from the border. Continue reading Central Bank to open tax collection branch in Nimule
Investors prefer general trading over agriculture, industry sectors: Mathok
The Minister of Investment said agriculture and industry are some of the most abandoned sectors in terms of investment in South Sudan, adding many companies prefer general trading. Continue reading Investors prefer general trading over agriculture, industry sectors: Mathok