South Sudan president sacks finance minister

March 12, 2018 (JUBA) – South Sudan president, Salva Kiir sacked the country’s finance minister, Stephen Dhieu Dau on Monday evening.
Salvatore Garang Mabiordit Wol, a former technical advisor in the trade ministry, replaces Dau, the state-owned television (SSBC) announced.
It remains unclear why the South Sudanese leader sacked the opted to sack the finance minister, who was appointed minister in July 2016.
Analysts, however, attribute the president’s unexpected decision to the rising (…)


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S. Sudan oil minister urged to retract “booming” economy remark

February 25, 2018 (JUBA) – A forum of South Sudanese civil society entities said they are frustrated by comments attributed to the country’s Petroleum minister, Ezekiel Lol Gatkouth in which he reportedly described the economy of Africa’s newest nation as “booming”.
Gatkouth made the remarks while appearing on the BBC’s Hard Talk program.
The group, in a statement, said the minister’s remarks were a total misrepresentation of facts on the ground and needed retraction.
“It is also a direct (…)


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Economic collapse in Sudan is rapidly accelerating

By Eric Reeves
The Central Bank of Sudan, which has only a very small amount of foreign exchanged currency (Forex), is reported today to have banned any non-governmental agent or business from using its own Forex for imports of any kind. One way or another, in other words, the National Islamic Front/National Congress Party regime is determined to arrogate to itself all Forex (also known as “hard currency,” currency not subject to the massive inflation rates presently ravaging Sudan).
This (…)


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Private sector key to S. Sudan economic growth: official

February 1, 2018 (JUBA) – The Joint Monitoring and Evaluation Commission (JMEC) Deputy Chairperson, Lt. General Augostino Njoroge has called on the business community in South Sudan to take on their critical role of being key drivers in the growth of the economy and in the quest for peace in the country.
He made the remarks at the closing of a two-day workshop on the Agreement on the Resolution of the Conflict in South Sudan (ARCSS) organized by JMEC and the Chamber of Commerce, Industry (…)


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U.S. dollar hits record high against Sudanese pound

January 29, 2018 (KHARTOUM) – The Sudanese pound on Monday has hit another historic low against the US dollar on the black market despite strict security measures put in place by the government since last November.
A trader in Khartoum told Sudan Tribune that the purchase price of the U.S. dollar reached 36,5 Sudanese pounds while the selling price settled at 37,00 compared to 34,5 and 35,00 on Sunday.
He added the dollar price continued to increase by one to two pounds daily since the (…)


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They Have The Tech In Their Hands: The Farming Revolution In Africa Will Begin With Giving Youth A Voice

In northern Malawi 80% of women produce legumes, onions, maize and tobacco. In this same region, 20% of men come in at the end, to sell the produce and participate other income generating activities.

The post They Have The Tech In Their Hands: The Farming Revolution In Africa Will Begin With Giving Youth A Voice appeared first on Africapedia.

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Sudan to link railway network to S. Sudan and Ethiopia

January 3, 2017 (KHARTOUM) – Sudan’s President Omar al-Bashir on Tuesday unveiled plans to build a railway system that links the country to landlocked Ethiopia and South Sudan.
“We will connect [Sudan’s] railway lines to Ethiopia,” al-Bashir said while inaugurating a new train line linking capital Khartoum to the city of Wad Madani, the capital of Sudan’s central El Gezira State.
“We also seek to link our railway to South Sudan so that it might serve as a transit hub with Kenya and Uganda, (…)


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South Sudan still owes Khartoum $1.3 billion in oil debt: official

December 5, 2017 (JUBA) – South Sudan still owes neighbouring Sudan, from which it seceded in July 2011, up to $1.3 billion as part of a 2012 deal both nations inked to end their disputes over oil matters.
The South Sudanese ex-deputy finance minister, Mou Ambrose Thiik told Reuters prior to his removal from the ministerial post on Friday last week that the figure was equivalent to eight years worth of oil revenues for South Sudan.
South Sudan got the lion’s share of the oil when it split (…)


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40 Million Nigerians In 11 States Are Caught In A Fight For Their Livelihoods That They Can’t Win Alone

Every year Nigeria loses between 350,000 and 400,000 hectares of forest cover, and over 10.5 billion naira to environmental challenges. Unofficial estimates put the annual losses in the billions of dollars.

The post 40 Million Nigerians In 11 States Are Caught In A Fight For Their Livelihoods That They Can’t Win Alone appeared first on Africapedia.

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S. Sudan quietly removes fuel subsidies over hard currency

December 2, 2017 (JUBA) – South Sudan has quietly removed subsidies on fuel, a move many government officials attributed to the scarcity of hard currencies, which had made it difficult to afford subsidies in country.
A senior official at the government-run national oil company told Sudan Tribune on Saturday that they were now operating under a difficult situation after failing to procure more fuel for subsidised sale.
“We are operating under a difficult situation. It is an extremely (…)


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