Business Finance

The African currency rollercoaster ride: struggling against super-strong US dollar

As the global economy sinks into another period of crisis, African currencies are depreciating against the US dollar and rising import costs are adding to inflationary pressures. With around half of all international trade invoiced in dollars, a stronger greenback hurts consumers across the world — including in Africa — that use dollars to pay […]

Africa Headlines International Morocco

Sahara: South Sudan renews its supportive stand to Morocco’s territorial integrity

The new ambassador of South Sudan to Morocco Riek Puok Riek reaffirmed his country’s supportive stand to the Kingdom’s sovereignty over the Sahara and to its territorial integrity. Speaking to reporters following his meeting in Rabat with Moroccan Foreign Minister Nasser Bourita to whom he handed copies of his credentials, Reik said Juba backs fully […]

Africa Asia Headlines International

South Sudan gets $600 million from China to pay civil servants

The government of South Sudan has received around $600 million from the Chinese government to pay outstanding civil servants’ salaries. South Sudan News Agency, quoting government sources, said the new loan aims to cover salaries payment. The move comes weeks after many South Sudanese deputies boycotted the presentation of the 2019-2020 budget, rising against the […]

Africa Headlines International

South Sudan to form interim govt by Nov 12

South Sudan President Salva Kiir and rebel leader Riek Machar have agreed to form a transitional government by the middle of November, local media reported. The two leaders met in Juba to discuss security matters and other issues ahead of a November 12 deadline for forming a unity government. The two men signed a pact […]

Africa Europe Headlines International

UK to provide an extra £18 million aid to starving South Sudanese

Hundreds of thousands of people starving in South Sudan will receive lifesaving food and water, courtesy of the UK aid.   Minister for Africa, Andrew Stephenson, announced an extra £18 million of UK aid on his first visit, in his new role, to South Sudan. The visit started Monday. Andrew Stephenson who held talks Tuesday […]

Africa Energy Headlines International

Oil & gas: South Sudan, Kenya seek to boost cooperation

South Sudan and Kenya seek to boost their cooperation in the oil sector.   To this end, South Sudan petroleum minister Daniel Awow Chuang, and his Kenyan counterpart John Munyes met in Juba to discuss ways of enhancing cooperation in the areas of oil infrastructure development and experience sharing, State-owned radio South Sudan Broadcasting Corporation […]

Africa Energy Headlines International

Oil & gas: South Sudan looking for new investments

South Sudan’s minister of petroleum Awow Daniel Chuang on Thursday said the world’s youngest nation aims to attract international finance to help develop its oil and gas sector during the upcoming third oil and gas conference in Juba. According to Mr. Chuang, the country seeks investments to revive redundant projects in the oil and energy […]

Africa Energy Headlines International

South Sudan gets $600m boost from Sahara Energy

Sahara Energy Resources DMCC, a member of leading international energy and infrastructure conglomerate, Sahara Group, has approved a $600 million donation to support economic growth, peace process and development in South Sudan. According to reports, the facility will also support infrastructure development and youth encouragement. In a statement issued on Sunday, Temitope Shonubi, executive director […]