27th April 2024
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You are here: Home  |  Economy | National News | News   |   Uganda to cushion S-Sudan runway inflation

Uganda to cushion S-Sudan runway inflation

Author: Lasuba Memo | Published: Friday, May 26, 2023

BoSS governor Johnny Ohisa, Finance Minsiter, Dier Tong & Uganda's delegate speak to the press/courtesy

The government of Uganda says it will supply South Sudan with sufficient basic commodities to address the current high prices.
A delegation from Uganda discussed with President Salva Kiir the plan to ensure a sufficient supply of basic commodities to South Sudan, the Presidential Press Unit reported.
Lt. Gen. James Mugira Gen. Mugira who led the delegation said the move is aimed at stocking South Sudan’s markets with excess basic commodities, hence lowering the prices.
He said they discussed with the President, consolidating the existing bilateral relations between Juba and Kampala.
The move comes as South Sudan currency has exponentially weakened against the US dollar resulting in high commodity prices.

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