October 23, 2024
Business
Business

South Sudan To Boost Agriculture With World Bank Funding

By Awan Achiek South Sudan plans to boost its agriculture potentials with a new funding of $113.2 million grant from the World Bank, the Minister of Agriculture and Food Security, Josephine Joseph Lagu said. The funding, which will benefit the Resilient and Livelihoods Project, and Emergency Locust Response Project, will support training of farmers to […]

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Business Features

South Sudanese Juvenile Delinquents Reshape Future with Business Skills

By Benjamin Takpiny Juvenile offenders in South Sudan are turning to business skills to ensure a turnaround in their lives. Across South Sudan, people below 18 years are in jail, sometimes for crimes which could have been avoided if they were kept busy. At Wau Vocational Training Center, 17 year old John Manut picked his […]

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Business

South Sudan Launches First Oil Licensing Round

By Okech Francis South Sudan has launched its first licensing round, seeking tenders from companies to acquire oil blocks for exploration Five blocks are up for grabs including A2, A5, B1, B4 and D2. The licensing round aims to attract interest from a diverse group of foreign investors to a region that is already home […]

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Business

South Sudan Leaders Hail Crude Output Resumption as Peace Dividend

By Okech Francis South Sudan has resumed production and export of crude oil from Block 5A in Unity State, a significant statement for peace in a country ruined after years of crisis, officials said. Former fighters convened in the capital over a year ago vowing to work together in a 3 year transitional government and […]

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Business

South Sudan Demands Oil Companies Provide Piped Water, Concrete Structures

By Okech Francis South Sudan has issued a demand to companies exploiting crude oil, to provide piped drinking water to communities and build permanent structures in the base-camps for workers. The Minister of Petroleum Puot Kang Chol said during the resumption of production in Block 5A on Monday that the government would no longer tolerate […]

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Business

South Sudan’s Tharjiath Oilfield Officially Resumes Oil Production

By Okech Francis South Sudan has officially resumed production of crude oil in block 5A after 7 years of shutdown due to crisis, seeking production of 8,000 bpd. Output in the oil block has been capped by Sudan but the country “will make sure the capping is lifted so that we produce more than 16,000 barrels a day,” […]

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Business

South Sudan Says Oil Companies Failed to Return $3.3Bn in Cost Recovery

By Awan Achiek Oil companies operating in South Sudan have failed to remit to the government $3.3 billion in cost recovery, Information Minister Michael Makuei Lueth said. The money was accrued between 2011 when the country got independence and 2018. “After the cost recovery audit, it was found that oil companies have taken from the […]

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Business

World Bank inspects project status in South Sudan

By Manyuon Mayen Manyuon, Juba  The World Bank Regional Vice President for Eastern and Southern Africa on earlier June visited Buluk Quarter Council at Juba City’s Municipality on his first official mission to South Sudan meant to examine the impact of a project. Mr. Hafez Ghanem listened to first-hand testimonies from beneficiaries and community committees on […]

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Business

South Sudan To Import Food From Malawi

South Sudan and Malawi on Thursday signed trade agreement that will see the latter export it’s surplus food to Juba to help ease it’s widening cereals deficit. Kuol Athian, Minister of Trade and Industry revealed that the deal will allow Malawian businesses to export food to South Sudan which is facing this year, it’s highest […]

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Business

South Sudan Stirs Price Surge in Trying to Harmonize Exchange Rate

By Okech Francis A plan to harmonize the exchange rate in South Sudan’s banks with that on the black market may be getting a backlash with prices soaring on the market but its lender, the Central Bank believes it’s a long-term objective that will see consumers enjoying the benefits. The oil rich nation’s Central Bank […]

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