October 23, 2024
Business
Business

Chinese investor lifting South Sudanese out of economic crisis

Source: Xinhua| 2021-11-17 20:15:23|Editor: huaxia Lily Supermarket, owned by a Chinese investor, is fast becoming one of the leading places to shop in South Sudan’s capital Juba. JUBA, Nov. 17 (Xinhua) — Lily Supermarket, owned by a Chinese investor, is fast becoming one of the leading places to shop in South Sudan’s capital Juba. First […]

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Business Politics

South Sudan only furnishing loans with crude revenue meant for economic reforms

By Okech Francis South Sudan remains locked up in heavy debts which are taking away its oil revenues leaving the war-torn country with barely any finance to restructure its ruined economy, the deputy Minister of Finance, Agok Makur said. Despite rising prices of crude oil, all revenue generated from export goes direct to furnish heavy […]

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Business

New aviation company falls prey to committee investigating South Sudan plane crash

By Tapeng Michael Ohure A new aviation company in South Sudan has become the first victim of a committee formed to investigate a plane crash in the country. Last week, a cargo plane crashed shortly after take-off from the capital Juba killing all five people on board. They included four crew members and a passenger. […]

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Business Politics

New head of South Sudan oil corporation focuses on increasing production

By Richard Sultan The new Managing Director of South Sudan’s Nile Petroleum Corporation, Dr. Chol Deng Thon Abel has plans to focus on increasing crude production in the country. Abel who was fired from the position in September 2020 was reappointed on Friday by President Salva Kiir. South Sudan is currently production 156,000 barrels of […]

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Business

After JEDCO, MGURUSH promises more transformative innovations for South Sudanese

By Richard Sultan The Vice President for mGURUSH Mobile Money, the country’s leading mobile money provider Joseph Arinaitwe says South Sudanese should expect more exciting innovative services from the company after announcing the secure and seamless payment of electricity bills for Juba Electricity Distribution Company (JEDCO) subscribers in partnership with Zain Telecom. “In line with […]

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Business

Electricity provider in South Sudan capital offers digital payments for power use

By Tapeng Michael The Juba Electricity Distribution Company (JEDCO) in South Sudan’s capital has gone digital in payment for power, using Mgurush, a mobile money company in the country. Residents of Juba will now electronically top up the Juba electricity supplier Company accounts using mGurush. JEDCO Managing Director, Wondimu Tenkir said in statement on October […]

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Business

South Sudan, Uganda visa waivers a boost amid COVID-19 restrictions

By Okech Francis South Sudan has responded in kind to Uganda’s visa waiver for its citizens, stopping collection of the same from the southern neighbour’s nationals accessing its entry points. The waiver comes at a time when movement has been restricted by the global COVID-19 pandemic and its seen as a morale boost to travellers […]

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Business

South Sudan shelves plans to stop crude production after export starts

By Richard Sultan South Sudan has suspended plans to stop production of its crude oil after export from Port Sudan on the red sea resumed on Monday, the Undersecretary of the Ministry of Petroleum Awow Daniel Chuang said. Tribal protestors closed the terminals at the sea port and blocking all exports of crude from both […]

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Business

South Sudan’s 2021-22 fiscal year budget slashed to $700M

By Tapeng Michael South Sudan government has agreed to a new 2021-2022 fiscal year budget of 287.04 billion South Sudanese Pounds ($700m) way below a 613 billion SSP ($1.8bn) it first proposed in July. According to Information Minister Michael Makuei Lueth, the estimates will be funded through oil and nonoil revenues as well as external […]

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Business Politics

South Sudan says Sudan protests blocked its crude export

By Okech Francis Protests in Port Sudan in neighboring Sudan has blocked exports of crude oil from neighbouring South Sudan, South Sudan’s information Minister Michael Makuei Lueth said. Protestors closed Port Sudan and the airport on Thursday leaving South Sudan stuck with its crude exports, Lueth told reporters in Juba on Friday. “With the closure […]

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