(JUBA) – Employees of South Sudan’s state owned Nile Petroleum Corporation (Nilepet) have accused their managing director, Ayuel Ngor Kacgor, of avoiding the office in order to escape mounting pressure over months of unpaid salaries. Several staff members told media this week that Kacgor, who was appointed in October 2024,Continue Reading
(JUBA) – South Sudan’s economy remains heavily reliant on oil revenues, with little diversification. To meet budget shortfalls, the government frequently seeks loans from international financial institutions such as the World Bank and IMF, as well as from bilateral partners. Recently, the Bank of South Sudan signed a Memorandum ofContinue Reading
(JUBA) – The Bank of South Sudan is preparing to launch the South Sudan Interbank Payment and Settlement System (SSIPSS), a project described by the central bank as a landmark step in modernising the country’s financial infrastructure. The official launch date is expected to be announced by senior management ofContinue Reading
(JUBA CITY) – The South Sudan Revenue Authority (SSRA) has issued a strong warning against the continued use of unauthorised Financial Form 15 in government transactions, saying that outdated and forged documents are undermining national revenue collection. Speaking at a joint press conference in Juba on Thursday, SSRA Commissioner GeneralContinue Reading
(JUBA) – President Salva Kiir Mayardit has dismissed the country’s Minister of Finance and Planning, Dr Marial Dongrin Ater, just one year after his appointment. The decision was announced on state television late on Thursday, with no explanation provided. Dr Ater, who took office in July 2024, has been replacedContinue Reading
(JUBA) – Eleven South Sudanese ventures have secured a combined grant worth 2.5 billion South Sudanese Pounds (SSP), equivalent to 544,000 US dollars, through the World Food Programme (WFP) IGNITE Food Systems Innovation Challenge. The funding aims to strengthen locally led solutions that can transform the country’s fragile food system.Continue Reading
During the event on Tuesday, Gloria Nyoka Joseph, Executive Director of the South Sudan National Bureau of Standards (SSNBS), commended the program for bringing together pioneers to drive economic growth in the country. Nyoka highlighted the Bureau’s role in ensuring quality and safety throughout the production and processing processes, emphasizingContinue Reading
(JUBA) – A South Sudanese economist has called on the Bank of South Sudan to take immediate action to restore liquidity and public confidence as the country faces a severe cash shortage affecting economic activity. Sunday Manyang Agok told Radio Miraya that both fiscal and monetary mismanagement have left tooContinue Reading
(JUBA) – South Sudan’s Revenue Authority (SSRA) has proposed a major overhaul of the country’s tax system, recommending a transition from the current sell tax to a Value Added Tax (VAT) model. The initiative aims to strengthen revenue collection and bring South Sudan’s financial framework closer to regional standards. TheContinue Reading
(JUBA) – South Sudan’s two leading telecom operators, MTN and Digitel, have announced plans to expand their mobile money services across the country. The move follows a series of meetings with the Bank of South Sudan’s Department of Communication and Public Relations aimed at easing the country’s dependence on physicalContinue Reading
