Friday August 18, 2017

Business

TOP NEWS on Business
EU provides $12.9 mn for South Suda...

EU provides $12.9 mn for South Sudan aid

JUBA – The European Commission (EC) said it has provided $12.9 million to help save the lives of conflict-affected people in South Sudan. The money, which was channeled through the UN World Food Programme (WFP), is in addition to the $32 million contribution that was already confirmed for... FULL STORY »

Equity Bank sees a bleak future for...

Equity Bank sees a bleak future for the South Sudan market

MUTHOKI MUMO* – Equity Bank EQTY • 38.00 ▲ 0.66% has declared its South Sudanese business “dormant”, casting doubts on the future of the Sh11 billion operation that at its peak only four years ago contributed Sh1.1 billion to the company’s pre-tax profit. South Sudan has been hit by... FULL STORY »

AfDB and Government of Sudan launch...

AfDB and Government of Sudan launch ENABLE Youth Sudan Program

KHARTOUM – The African Development Bank and the Government of Sudan, in collaboration with the International Institute of Tropical Agriculture (IITA), launched the ENABLE Youth Program in Sudan on Thursday, March 2, 2017. The AfDB Board approved the ENABLE Youth program on November 28, 2016... FULL STORY »

South Sudan’s Economic Crisis...

South Sudan’s Economic Crisis – Kiir’s Gov’t Unable to Pay Civi...

JUBA – The cash-strapped South Sudanese government has failed to pay the salaries of its civil servants and military since August last as an economic crisis caused by three years of civil war worsens in the country. South Sudanese finance minister says the government has been unable to pay... FULL STORY »

Also on Business

“White Bull” beer to close in February as dollars shortage hard hits SABMiller...

JUBA – South Sudan’s only locally made beer, The White Bull will cease to exist in the middle of February as SABMiller, the joint brewer of the beer (the other being South Sudan... FULL STORY »

South Sudan Economic Collapse Looms as Upper Nile Oilfields are Running Dry

JUBA – South Sudan, a soon to be a land of no dollar, is facing a lot of economic hardship. The news of the dollar shortage has filled the air from Juba to the outside world. The... FULL STORY »

Tusker Beer the most widely consumed liquor in Juba. White Bull beer the least favourable ...

JUBA – A consumer alcohol drinking statistics in Juba has put Kenyan Beer giant, Tusker as the most widely consumed alcohol in Juba and elsewhere. The statistics surveyed by Juba... FULL STORY »

0.5 billion dollars of loan will not be paid in one year. Public should not panic – ...

JUBA – South Sudan’s Ministry for Petroleum has allayed fears that the alarming borrowing rate will rid future generations off their fortune and live in a debt state for years... FULL STORY »

South Sudan to reprint own currency – Official

JUBA – A senior official at the ministry of finance and economic planning has disclosed that South Sudan government might resort to reprinting its currency to double the effort in fighting... FULL STORY »

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