Billions from South Sudanese Oil Misspent on Roads (REPORT)

Billions from South Sudanese Oil Misspent on Roads (REPORT)

2025-09-16

(JUBA) – U.N. investigators have accused South Sudanese authorities of misusing state funds, including payments of $1.7 billion (SSP 12.07 trillion) to companies linked to Vice President Benjamin Bol Mel for road projects that were largely unfinished. The report by the U.N. Commission on Human Rights in South Sudan highlightsContinue Reading

Parallel Dollar Hits 7,000 SSP as Official Rates Show Minimal Change

Parallel Dollar Hits 7,000 SSP as Official Rates Show Minimal Change

2025-09-15

(JUBA) – The South Sudanese foreign exchange market recorded minor adjustments in official rates this week, with the Central Bank of South Sudan maintaining stability in most major currencies. However, parallel market rates continue to trade significantly higher, reflecting ongoing pressure on the local currency. According to the Bank ofContinue Reading

Co-operative Bank Pledges Stronger Backing for Cooperatives in South Sudan

Co-operative Bank Pledges Stronger Backing for Cooperatives in South Sudan

2025-09-15

(JUBA) – The Co-operative Bank of South Sudan has reaffirmed its role as a key partner in the country’s cooperative movement while highlighting a range of new services and initiatives designed to support businesses, families and communities across the country. Managing Director and Chief Executive Officer Elijah Wamalwa represented theContinue Reading

Idle Land Costs Western Equatoria 80% of Its Potential

Idle Land Costs Western Equatoria 80% of Its Potential

2025-09-15

(YAMBIO) – Western Equatoria State Governor James Al-Teib Berapai has called on citizens to use land responsibly and to formalise ownership as a foundation for economic development, investment and social stability. The Governor made the remarks on Sunday during a thanksgiving ceremony at the Episcopal Church of South Sudan (ECSS)Continue Reading