October 23, 2024
Business
Business

Torit businesswomen express optimism amid peace prevalence

By Ruot George When South Sudan plunged into two rounds of conflict in 2013 and 2016, businesses were disrupted and Small and Medium Enterprises were not spared as many citizens fled for safety to neighbouring countries. The phenomena left those who rely heavily on small-scale businesses for survival at the mercy of their circumstances. In […]

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Business

IMF in Juba to audit use of $225 million grant.

By Tapeng Michael Ohure A team from the International Monetary Fund (IMF) is in Juba on Friday to follow up on how the government of South Sudan used over $200 million grants meant to help stabilize the economy of the East African country. The IMF provided the grants under the “Rapid Credit Facility” to South […]

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Business

Stanbic Bank and UNDP sign $9.2 million deal to develop private sector in South Sudan

By Tapeng Michael Ohure Stanbic Bank South Sudan signed a partnership memorandum of understanding (MOU) with the United Nations Development Programme (UNDP) to foster development of the private sector in the world’s youngest nation. The African Development Bank through UNDP is funding a $9.2 million project that is scheduled to run for two years from […]

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Business

Fire outbreak in Aweil consumes more than 100 shops

By Ambrose Achuil Garang A fire outbreak at Gok Machar Market in Aweil North County in Northern Bahr el Ghazal state has burnt to the ground over 100 shops, Kur Atak, the chairperson of the traders’ union in the main market said. At least six traders have been admitted in hospital after sustaining injuries in […]

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Business

FAO and partners plan honey export hub in South Sudan

By Simon Deng The United Nations Food and Agricultural Organization (FAO) is linking up with partners in a bid to harness South Sudan’s honey and make it lucrative on the international market. South Sudan is home to a huge production of honey but without value addition, a breakthrough on sales in the world market remains […]

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Business

UAE investors seek potentials in South Sudan’s mineral resources

By Simon Deng Investors from the United Arab Emirates are expected in South Sudan to discuss areas of potential investments, Information Minster Michael Makuei Lueth said. President Salva Kiir visited the Arab country recently and discussed areas of potential investments, especially in the mineral resources. “The team of business and government will be coming to […]

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Business News

South Sudan projects hiking oil price will boost economic reforms

By Simon Deng Increasing price of crude oil will help boost economic recovery if well utilised by South Sudan, Vice President James Wani Igga said. Speaking at a symposium organised by United Nations Development Program with support from the government of Japan, Igga said the oil price boom will help support the country’s financial management […]

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Business

South Sudanese women blamed for ignorance of beneficial cross border trade regimes

By Simon Deng Most South Sudanese women working in the cross-border trade sector are ignorant of a new trade regime that exempts goods less that $2000 from taxation, Finella Ayam, the technical advisor for South Sudan Women Entrepreneurs Association, said. Thousands of South Sudanese women are engaging in the Small and Medium Enterprise (SME) businesses […]

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Business News

Japanese projects resume with four new bridges planned in Juba

By Simon Deng After years of conflict in South Sudan stopped projects being implemented by the Japan International Cooperation Agency, the East Asian nation has embarked on full resumption with four new bridges to be constructed in the capital Juba over the next two years. JICA is implementing a grand project targeting improving water provision […]

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Business News

China roots for resilience in food production

By Tapeng Michael Ohure A sustainable food production program has been launched in Chukudum, Budi County of Eastern Equatoria State. The Chinese Embassy in South Sudan said the program is meant to alleviate unemployment among the youths. “It is essential to empower youth to advance peace and development in the grassroots. We should always place […]

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