Category Economic

By Awan Achiek The Transitional National Legislative Assembly (TNLA) on Monday passed the Fiscal and Financial Allocation and Monitoring Commission Bill 2024. The bill calls for the establishment of an Independent Commission to ensure transparency in the allocation of national…

By Awan Achiek President Salva Kiir Mayardit on Saturday returned home from official working visit to the People’s Republic of China where he attended the 9th Forum on China Africa Cooperation (FOCAC). Kiir and his delegation last week engaged several…

By Awan Achiek Ethiopia and China on Friday reached agreement to swap their currencies to boost trade. The central banks of both countries will oversee the arrangement. The agreement aims to enhance trade flexibility, attract foreign direct investment (FDI), ease…

By Simon Deng The transitional unity government will receive a grant of 15 million U.s dollars from the World Bank aimed at strengthening institutional and human resource capabilities. In a statement issued in Juba, the World Bank said on Friday…

By Awan Achiek The Central Equatoria State Council of Ministers on Thursday passed the 2024/25 fiscal budget estimated at 45 billion South Sudan Pounds. Gerald Francis, the State Minister Peace Building who doubled as Acting Minister of Information, said the…

By Benjamin Takpiny Chinese President Xi Jinping on Thursday pledged 360 billion Yuan ($50.7 billion) of funding to the African continent, and announced elevating ties with all member nations to a “strategic level.” Xi announced during the 9th Summit of…

By Benjamin Takpiny, Beijing China President Salva  Kiir Mayardit on Monday invited  Chinese companies and potential investors from Zhejiang Province to explore the untapped investment opportunities in South Sudan. Kiir made these remarks during the first South Sudan- Zhejiang Economic,…

By Awan Achiek The South Sudan Revenue Authority (SSRA) has been asked to channel revenues to salary accounts to enhance transparency in management of resources. While presenting a two-page document before parliament on salaries, Changgkuoth Bichiock Reth, Chairperson of Committee…