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Posts published in “Economy”

Kiir orders investigation into oil pre-sale deals

President Salva Kiir has formed a committee to investigate the mechanism used in the pre-sale of South Sudan’s oil over the past few months. The body is told to thoroughly investigate the pre-sale process, payment, taxes paid and details of oil companies involved in the oil production and sale. The 7 member committee is headed […]

The post Kiir orders investigation into oil pre-sale deals appeared first on Eye Radio.

More highways to be constructed -Minister

The Minister of Roads and Bridges says plans are underway to build other highways and roads across the country after the construction of the Juba – Bhar-el-Ghazel region highway. Rebecca Okwaci said her ministry is looking at the possibility of embarking on the construction of the Juba – Yei – Kaya highway. Two years ago, […]

The post More highways to be constructed -Minister appeared first on Eye Radio.

Parliament and Executive at impasse over new budget reading

Members of the Transitional National Legislative Assembly were involved in close door meetings today as various caucuses met to discuss last week’s incident. There was no sitting in the main hall of the parliament or at the Freedom hall in Juba. When asked by Eye Radio’s reporter to provide updates on what is going on, […]

The post Parliament and Executive at impasse over new budget reading appeared first on Eye Radio.

S.Sudan ranked ‘worst’ in peace, economy within East Africa -GPI

South Sudan has retained the position of the least peaceful country in the East African region after Burundi. According to the Global Peace Index 2019, South Sudan also comes third as the least peaceful in the world -just above Syria and Afghanistan. The Democratic Republic of Congo, which recently submitted a formal application for membership […]

The post S.Sudan ranked ‘worst’ in peace, economy within East Africa -GPI appeared first on Eye Radio.

EAC tables $111m budget proposals to EALA for financial year 2019/2020

The East Africa Community has on Wednesday presented for consideration, budget estimates for the Financial Year 2019/2020, totaling over 100 million US dollar to the East African Legislative Assembly. The Deputy Minister for Foreign Affairs and East African Cooperation, United Republic of Tanzania, Hon Dr. Damas Ndumbaro, presented the budget speech on behalf of the […]

The post EAC tables $111m budget proposals to EALA for financial year 2019/2020 appeared first on Eye Radio.

Gov’t borrows to meet EAC financial obligations

The government will soon clear the membership fee arrears for the regional economic bloc, the Information Minister has said. Two weeks ago, lawmakers representing South Sudan at the East African Legislative Assembly or EALA told Eye Radio that they were about to be kicked out of the legislature over government failure to pay its annual […]

The post Gov’t borrows to meet EAC financial obligations appeared first on Eye Radio.

United States avails over $7million for wildlife conservation

The U.S government has launched a $7.5 million project to support conservation of wildlife, natural resources and protected areas in South Sudan. The funds that will be managed by the Wildlife Conservation Society will enable the project build sustainable livelihoods and mitigate conflict in and around Boma and Badingilo national parks. Tom Hushek, U.S Ambassador […]

The post United States avails over $7million for wildlife conservation appeared first on Eye Radio.

Cabinet endorse over $208 million fiscal year budget

The Council of Ministers has passed the draft budget of more than 208 billion pounds for the fiscal year 2019/2020. The fiscal year budget has a resource envelop of 130.7 billion pounds which the government spokesperson – Michael Makuei Lueth – says was based on projections of 77% of oil revenue and 23% non-oil revenue. […]

The post Cabinet endorse over $208 million fiscal year budget appeared first on Eye Radio.

S.Sudanese decry government’s ‘borrowing tendencies’

Members of the public have voiced their concern about the government’s plan to borrow $500 million outside its draft budget. On Friday, the Minister of Finance informed the cabinet that it intends to borrow $500 million from the Afri-Exim Bank to supplement the 2019/2020 budget. Salvatore Garang presented more than 208 billion South Sudanese pounds […]

The post S.Sudanese decry government’s ‘borrowing tendencies’ appeared first on Eye Radio.

Government to borrow 500 million dollars to fund Infrastructural dev’t

The Minister of Finance has informed the council of minister that it intends to borrow 500 million dollars loan from the Afri-Exim Bank to fund the activities of the government. Speaking to the press after the council  of ministers meeting on Friday, the minister of Information, Michael Makuei , said that the loan will support […]

The post Government to borrow 500 million dollars to fund Infrastructural dev’t appeared first on Eye Radio.

Kiir advises against crude oil advances

President Salva Kiir has instructed the new Minister of Petroleum not to demand or accept oil advances before the actual sale of South Sudan’s crude oil to the international market. Kiir says the government should only receive money that is generated from the oil sale and not loans. Recently, the International Monetary Fund said South […]

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Jubek seizes trucks smuggling teak to Uganda

The government of Jubek state has seized three trucks that were trying to smuggle teak to Uganda, the Ministry of Agriculture and Forestry has said. The seizure was displayed by the Ministry of Agriculture and Forestry for the media in Juba earlier on Monday. According to the minister of agriculture and forestry – Stephen Wani – […]

The post Jubek seizes trucks smuggling teak to Uganda appeared first on Eye Radio.

Project to benefit 1,000 youth launched in Juba

The government and its development partners launched a Youth Innovation challenge in Juba this morning. The three-day Youth Innovation challenge 2019 is where UNDP will unveiling a new partnership with Equity Bank to encourage youth engagement on the sustainable development goals in the country. This is part of UNDP’s youth empowerment and employment project supported […]

The post Project to benefit 1,000 youth launched in Juba appeared first on Eye Radio.

NRA to have new recruitment strategy

The commissioner general of the National Revenue Authority has urged his custom officers who may not qualify to work with the commission in the nearby future not to despair. Last year, the commissioner-general threatened that the authority would advertise the already existing positions and recruit new customs officers according to their academic qualifications. Dr. Olympio […]

The post NRA to have new recruitment strategy appeared first on Eye Radio.

EALA likely to suspend S. Sudan over fee arrears

South Sudan is about to be kicked out of the legislature over government failure to pay its annual contributions, the lawmakers representing the country at the regional parliament have told Eye Radio. Since South Sudan joined the East African Community in 2016, the government has not been paying the yearly membership fee which stands at […]

The post EALA likely to suspend S. Sudan over fee arrears appeared first on Eye Radio.

Government resumes oil production at Torr oilfield

The government has resumed oil production at Torr oilfield in Ruweng state. The production was affected by the outbreak of violence in 2013. The area with about 16 wells is expected to produce between 5,000 to 45,000 barrels of crude oil per day. The Minister of Petroleum, Ezekiel Lol Gatkuoth says more oil wells will […]

The post Government resumes oil production at Torr oilfield appeared first on Eye Radio.

Greater Upper Nile states call for review of oil companies contracts

Governors representing the Greater Upper Nile Region have called for the review of oil contracts that were signed with oil companies before the independence of South Sudan. They say some of the agreements signed under the Sudanese government have not factored in the environment, and the welfare of the ordinary South Sudanese living around the […]

The post Greater Upper Nile states call for review of oil companies contracts appeared first on Eye Radio.

EALA MP questions over $240m approved for Ugandan traders

The Ugandan Parliament has approved over 240 Million US Dollars as compensations to 82 companies that reportedly supplied goods and service to the government of South Sudan before the 2013 conflict. The companies have been complaining of not being paid by South Sudan for goods supplied between 2008 and 2010. Previously the government of South […]

The post EALA MP questions over $240m approved for Ugandan traders appeared first on Eye Radio.

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