By Tapeng Michael South Sudan is calling on investors to seek opportunities in the vast resources it has. The Ministry of Investment said it has established key investment policies and projects which cabinet has approved. The ministry has three years to complete the programs and projects of investment, according to Dhieu Mathok, the Minister of […]
By Ruot George The land cruiser truck nosedives into the muddy along the stretch from Mayom to Bentiu, the capital of South Sudan’s Unity State, rearing up its gears to the limit to pass through the stretch. The 96-kilometer road is just one of the many poor infrastructures across the oil rich country, which gets […]
By Richard Sultan A Sudanese airline, Sun Air Aviation has resumed flight to South Sudan capital Juba after ten years. The airline’s Air Bus A330-200 touched down at Juba International Airport at 2:00 pm local time on its inaugural flight to Juba on Monday. Sun Air’s Head of Business Development, Mohamed Saifeldin M. Saad Omer […]
By Richard Sultan South Sudan has received a $334 million funding from the International Monetary Fund and plans to utilise it for economic reforms, funding the budget and building foreign exchange reserves, the Central Bank said. The new resources come when South Sudan is implementing essential economic reforms, including monetary and far reaching foreign exchange […]
By Simon Deng Women traders in South Sudan capital, hit by economic problems chose to reduce cost by choosing locations on roadsides to sell their commodities, but the idea is not being bought by the authorities in Juba who have gone about running them down. Along several streets and roads in the capital and the […]
By John Agok South Sudan lost $1 billion in letters of credit issued for imports between 2012 and 2015, an audit report said. The latest report from the Auditor General indicates that the letters of credit (LC) issued by South Sudan’s government to various institutions to import commodities and try to stabilize prices were diverted […]
By Richard Sultan Stanbic Bank Kenya, a member of the Standard Bank Group, and the sixth largest commercial bank by assets in the East African country has registered a $35 million after-tax profit for the first half of the year 2021, a 37 percent improvement from the previous year. The bank, which also has a […]
By Lieth Nyak Traders who ply the river route on the Nile are ruing illegal checkpoints which extorts money from their hands. According to the chairman of the traders’ association in Unity State, Gabriel Thuok Gai, people who do not even identify themselves often confront the business people in transit and demand exorbitant fees from […]
By Simon Deng Ugandan nationals living in Juba petitioned their embassy over what they said were exorbitant visa fees levied on them by South Sudan immigration officers. Moses Nyanzia, a 32 -year -old Ugandan trader in Gumbo who was one of the petitioners said that migration authorities are charging him 100 U.S dollars for a […]
By John Agok The National Ministry of Youth and Sports is inviting the youth with business acumen and ideas to come for loan from Ministry concern. Dr. Albino Bol, the Minister revealed on Wednesday that the Ministry has already secured 7 million Dollars from African Development Bank (AFDB) for the engagement. “We have secured 7 […]