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- Inside South Sudan’s Economic Turmoil
Browsing: South Sudan
- Over a decade since gaining independence, South Sudan continues to be affected by fragility, economic stagnation, and instability.
- South Sudan’s economy is clouded by production bottlenecks in the oil sector, with production dwindling in the face of limited new investment.
- The susceptibility of South Sudan to climate change and natural calamities exacerbates the nation’s economic challenges, threatening the progress of growth and development initiatives.
The Republic of South Sudan emerged as the world’s newest sovereign state and the 54th country in Africa on July 9, 2011. However, the progress of development post-independence was significantly hampered by civil war outbreaks in 2013 and 2016, which also aggravated the humanitarian crisis.
Over a decade since gaining independence, South Sudan continues to be affected by fragility, economic stagnation, and instability. Pervasive poverty is further intensified by ongoing conflict, displacement, and external shocks.
Crisis facing the oil and energy sector
Oil production is …
- Cybersecurity, corruption, and policy shifts have been cited among the top issues that Kenyan businesses will have to confront in 2024.
- In 2022, Kenya suffered a loss of at least $153 million to cybercrime, which is projected to rise by 14 per cent annually.
- A new report ranks Kenya as the second most difficult country for businesses in EAC after South Sudan.
Cybersecurity, corruption, and policy shifts have been cited among the top issues Kenyan businesses will have to confront in 2024.
The latest Risk Barometer by underwriting giant Allianz, reveals that in Kenya’s complex and dynamic business environment, several challenges loom, casting shadows on the entrepreneurial spirit that drives the economy.
The high cost of living directly impacts consumer spending, affecting businesses across sectors. A weakening currency coupled with inflation also threatens businesses and the economy.
According to Allianz Commercial CEO Petros Papanikolaou, the key challenges for companies …
The South Sudan Oil & Power (SSOP) 2023 summit will emphasizes the partnership between South Africa and South Sudan. Scheduled for 14 to16 June in Juba, the 6th edition of the SSOP will include the African Energy and Mining Business Forum. The summit will highlight the collaborative relationship between South Africa and South Sudan.…
Malaria takes its toll not only in lives lost, but also in medical costs, lost income, and reduced economic output. The annual direct and indirect costs of malaria in Africa are estimated to be more than US$2 billion, according to the WHO.
Partners in Sudan have re-committed to taking action to reduce the preventable impact of malaria on the population and ensure access to quality healthcare services for everyone in South Sudan.
At the conclusion of the three-day event, Vice President of South Sudan Hussein Abdelbagi Akol Agany announced the launch of the “Zero Malaria in South Sudan Starts With Me” campaign to add his voice and commitment towards a Malaria Free South Sudan.…
This year’s progress has been threatened by Russia’s invasion of Ukraine, which has caused a global economic shock that has hit Africa at a time when the government’s policy space to respond to it is small to nonexistent.…
South Sudan and Djibouti have signed an MoU to lay fibre optic cable from Djibouti to South Sudan’s capital, Juba, via Ethiopia. Djibouti’s fibre optic is not the first telecommunications infrastructure that South Sudan is connecting to. In January 2020, Liquid Intelligent Technologies (LIT) announced the installation of a 200km fibre backbone to connect the Uganda border to Juba.
Authorities believe additional data capacity will enable the country to successfully implement its digital transformation strategy by making broadband internet connectivity more affordable. South Sudanese officials said the agreement would ensure that region is connected to the international community and reduce the high cost of the internet.
South Sudan’s Ministry of Information, Communication Technology and Postal Services said South Sudanese and Djibouti government officials would establish a technical committee to oversee the project.…
- South Sudan will receive $8.1million from the African Development Bank (AfDB) to address food
- The funds will support South Sudan’s Emergency Food Production Programme
- The Emergency Food Production Programme targets an additional 600,000 of the most vulnerable groups in five states, where recent severe flooding has affected thousands of households
South Sudan is the latest East African country to receive millions from the African Development Bank (AfDB) to address food insecurity.
The country received an $8.1 million grant from AfDB to fund its Emergency Food Production Programme.
Allocated through the Transition Support Facility, the grant makes up additional financing for the ongoing Agricultural Markets, Value Addition and Trade Development Project (AMVAT).
AMVAT seeks to contribute to reduced food insecurity, poverty reduction, economic growth and building of community and household resilience and social cohesion.
Exacerbated by climate hazards, the threat of a food crisis has long loomed over South Sudan, which …
With the recent addition of the DRC to the East African region, landlocked countries have found an alternative port of entry in the Atlantic Ocean. The swiftness of trade with two ports of entry and the region’s strategic location will be incomparable to any other region on the continent.
The East African Federation would be the fourth largest country in both population and landmass, trailing after China, India and the United States. President Uhuru Kenyatta says that the federation would have over 300 million people.
The gross domestic product for the region will sum up to US$250 billion, the fourth-largest in Africa and the 34th biggest globally. Since the beginning of the last decade, East Africa has had the fastest growing economy globally. In 2019, the region’s economy grew by about 5 per cent. If the federation continues with this growth rate, the new country would quickly become the biggest …
South Sudan joined the East African community joined the EAC in April 2016, after being the youngest nation to gain independence on July 9, 2011. In 2020, South Sudan’s exports summed up to US$87 million to the EAC member states, while imports amounted to US$573 million.
In contrast to the year 2016, the exports and imports to the same stood at US$2.6 million and US$400 million respectively.
According to the International Trade Center, South Sudan exported US$86 million and imported US$357 million from Uganda in 2020.…
The Tanzania Cereals and Other produce Board (CPB) reported that the grain stores in Juba and Lubumbashi were already experiencing a vibrant business environment. They also expected the Mombasa facility to outperform the two.
According to the 2019 Statistics, Tanzania exported more than 97,000 tonnes of maize. This factor opened the country to the opportunity of launching its grain surplus scheme with the Southern Agricultural Growth Corridor of Tanzania (SAGCOT).
SAGCOT was established in 2010 to create a transformed and economically viable agricultural sector in Tanzania that protects food security, enhances environmental sustainability, and improves livelihoods. The Agricultural growth corridor uses 350,000 hectares in the fertile southern islands of Tanzania to grow maize, wheat, paddy, sorghum, cassava, millet, beans, bananas and sweet potatoes.…