By Simon Deng The Bank of South Sudan is increasing a weekly amount of money it provides to commercial banks and forex from $5 million to $8 million to try and capture excess liquidity in the market, according to Mr. Dier Tong Ngor, the Central Bank’s Governor. “We felt as a Central Bank that the […]
The Bank of South Sudan says it has now removed over 1.2 billion South Sudanese Pounds from the financial market on Monday due to auctions of the U.S. Dollars it’s carrying out every week. The amount was “mopped” from the financial markets through a foreign exchange sale/auction conducted by the Bank of South Sudan,” reads […]
Trinity Energy Limited, has donated food items, sanitary essentials, and play items worth six (6) million South Sudanese Pounds to over 130 children from the Juba Orphanage, St. Claire Children’s Home, and Sisters Place in Juba last week. While dispatching the donations, Trinity Energy’s Robert Mdeza said, “We have heard of the famous phrase ’Children […]
South Sudan’s Central Bank has begun providing US Dollars to commercial banks. The Central Bank on Tuesday said it began giving out hard currency to commercial banks through auction. “From now onwards we will be auctioning three $3 million to commercial banks every week, this is in addition to the $2 million we are giving […]
Isaac Kawai Steve is an advocate in South Sudan.Steve is practicing in RIEK & TUT ATTORNEYS, located at Airport Road, adjacent to Panaroma Hotel.Steve was the first South Sudanese to be admitted to the Kenya’s Bar in 2020.His practice areas range from but not limited to:Conveyance, Commercial Law, Litigation & Debts collection, Property & Real […]
The power is back on in Juba on Sunday from 6pm local time. The Juba Electricity Distribution Company (JEDCO) announced that it was informed by the company generation the power, Ezra Construction & Development Group that power would be back. “JEDCO has been informed by the Ezra Construction & Development Group thatpower will resume today, […]
By Awan Achiek It’s now a week since Ugandan and Kenyan truck drivers refused to transport cargo including food to South Sudan citing insecurity along major highways connecting to the capital Juba. A civil society organization says it’s concerned that if the insecurity issue is not addressed; a food crisis could result in the world’s […]
Stanbic Bank has announced that it is rolling out mobile banking to its customers through Unstructured Supplementary Service Data (USSD) code in a move that will promote digital transformation and financial inclusion in South Sudan. Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct financial […]
South Sudan’s capital Juba is set to go back to darkness. This comes after Juba Electricity Distribution Company (JEDCO) said on Monday that it has been informed by the Ezra Construction & Development Group that because of a lack of foreign currency and commitment from other stakeholders, the power plant producing electricity for Juba City […]
The South Sudan’s National Chamber of Commerce , Industry and Agriculture says they are dismayed and shocked by the killing of Kenyan and Ugandan traders by armed men along Nimule- Juba and Juba- Yei roads.Speaking during a press conference on Monday Salwa Bakony Monytuel, Deputy Chairperson of South Sudan’s National Chamber of Commerce, Industry and […]