(KARATINA) – Protests erupted early on Monday, 7 July 2025, in Karatina town, Nyeri County, disrupting transport and trade along the Great North Road, a key corridor linking Nairobi to northern Kenya and onwards to South Sudan. By 7am, Karatina had come to a standstill. Businesses, including banks, were closed,Continue Reading
(JUBA) – The Bank of South Sudan (BoSS) on Monday, 7th July 2025, released the official exchange rates for major global and regional currencies, showing modest changes in the value of the South Sudanese Pound (SSP) against foreign currencies. The updated rates come at a time when many South SudaneseContinue Reading
(JUBA) – Crude oil exports from South Sudan and Sudan have increased in recent months, offering a lifeline to international shipping firms operating aframax and suezmax tankers despite ongoing conflict in Sudan. According to industry analysts, the recent uptick in shipments is largely due to progress in repairing critical oilContinue Reading
(ABUJA) – A new African payment system aimed at removing the US dollar as a middle currency in trade is showing promising results, with financial experts hailing it as a major breakthrough for cross border transactions across the continent, including for countries like South Sudan which have long struggled withContinue Reading
(Kampala) – Tensions are rising among shareholders of MTN Uganda as the company moves to spin off its highly profitable mobile money business into a separate financial technology (FinTech) company. This restructuring plan, which will be voted on in an extraordinary general meeting scheduled for 2 July, has drawn sharpContinue Reading
(Juba) – The Bank of South Sudan on Tuesday published its official exchange rates for 1st July 2025, setting the South Sudanese Pound (SSP) at SSP 4,606.63 per US Dollar on the selling rate, and SSP 4,470.48 per US Dollar on the buying side. According to the official rate sheetContinue Reading
(Juba) – The Bank of South Sudan (BoSS) has announced a new term deposit auction inviting commercial banks in the country to bid for a total of SSP 20 billion in deposits. This figure is equal to approximately $4.3 million at the official exchange rate of SSP 4,650 per USContinue Reading
(Juba) – Investors in the United States are reducing their gold holdings in the form of coins and bars, while demand for gold continues to rise in Asia. The split reflects differing global perspectives on economic risks, with potential implications for South Sudanese investors and policymakers tracking global commodity trends.Continue Reading
(Juba) – Sudan and South Sudan remain at odds over a proposed revision to oil transit fees, as talks between the two nations ended without agreement, according to sources quoted by Radio Tamazuj. The fees in question relate to payments South Sudan makes to Sudan to export its oil viaContinue Reading
(Juba) – Gold prices fell sharply on Friday, marking their lowest point in nearly a month as global geopolitical and trade tensions showed signs of easing. This drop in price is being closely monitored in South Sudan, where gold is increasingly seen as a critical hedge against economic uncertainty andContinue Reading
