South Sudan orders foreign traders to lower prices within 72 hours
Oct 18, 2020(Nyamilepedia) — In attempt to stablize the economy, which is usually determined by the laws of supply and demand in many countries, South...
Category : Economics
Opinion: Why Prices are still High after the fall of dollar?
By Kuir Mayen Kuir, Nairobi, Kenya Oct 18, 2020 (Nyamilepedia) — The main goal, objective, of starting a business is to make profits. In order...
South Sudan forced US Dollar to drop but prices are skyrocketing
Oct 18, 2020(Nyamilepedia) — In the wake of an announcement that crippled the South Sudanese pound overnight, the Sudan government began to enforce a far-fetched...
South Sudan oil production sharply declines amid serious economic crises
Oct 16, 2020(Nyamilepedia) — South Sudan’s oil production, the backbone of the South Sudanese economy, is battling multipronged challenges that includes global market crises, geological...
A miscalculated announcement by South Sudan Minister left the economy in shambles
Oct 14, 2020(Nyamilepedia) — An announcement by the official government spokesman and the minister of information on Friday left the South Sudanese economy in shambles. With...
South Sudan denies change of currency, blames Minister for hyper inflation
Oct 14, 2020(Nyamilepedia) — Chairing a cabinet ministers meeting this evening in the capital, Juba, President Salva Kiir blames the cabinet and the Minister of...
South Sudan bread’s price almost double overnight as SSP depreciates
Oct 13, 2020(Nyamilepedia) — Waking up to soaring prices this morning, many South Sudan, who could barely afford one meal a day, wish that the...
The real reason behind South Sudan’s decision to change currency
Oct 12, 2020(Nyamilepedia) — Part of the challenge of being a new country is that whatever policy action such a country pursues is likely to...
World Bank gives $400 million grants to Sudan for economic reforms
Oct 12, 2020 (Nyamilepedia) – The World Bank has approved $400 million to support the Civilian-led Transitional Government plans to reform the economy, build new...
South Sudan to introduce new currency in attempt to revive collapsing economy
Oct 09, 2020(Nyamilepedia) — In attempts to revert a collapsing economy that is characterized by hyper-inflation, South Sudan cabinet has approved a plan to introduce...
South Sudan appoints a Tanzanian National to head the NRA
Oct 06, 2020(Nyamilepedia) — South Sudanese National Revenue Authority has appointed a foreigner as the institutions Commissioner-General. Dr. Patrick Mugoya, a Tanzanian national was appointed...
Trinity Energy Ltd to build $500 million oil refinery in south Sudan
Oct 6, 2020(Nyamilepedia) — A south Sudanese oil marketing company, the Trinity Energy Ltd, plans to build a $500 million crude oil refinery in Paloch,...
South Sudan borrows high interest loans to try to fix falling economy
Oct 2, 2020(Nyamilepedia) — South Sudan cabinet of ministers has secured at least $88 millions in loans from the Africa Export-Import Bank (Afreximbank), according to...
Finance Ministry forms a Joint Programme to strengthen Financial Management
Oct 1, 2020(Nyamilepedia) — The Ministry of Finance and Planning (MoFP) and the National Revenue Authority launched the United Nations Joint Sustainable Development Goals (SDG)...
More than 700,000 people affected by floods in South Sudan
Sep 30, 2020(Nyamilepedia) — The United Nations have announced that more than 700,000 South Sudanese have been affected by what seem set to become the...
Minister of Finance meets Dr. Machar to “explain his mandates”
Sep 25, 2020(Nyamilepedia) — The newly appointed Minister of Finance and Planning, Hon. Athian Diing Athian, met the First Vice President Dr. Riek Machar Teny...
Dr. Machar met top traders, advised them on how to reform the chamber
Sep 25, 2020(Nyamilepedia) — South Sudan’s top traders from the Chamber of Commerce, Industry and Agriculture met the First Vice President, Dr. Riek Machar Teny,...
UN: $36 millions embezzled in South Sudan in the last 4 years
Sep 24, 2020(Nyamilepedia) — The United Nations Commission on Human Rights has released a new report on corruption, financial embezzlement and power struggle for control...
President Kiir swears in a new “minister of finance and planning”,
Sep 19, 2020(Nyamilepedia) — South Sudan president, Salva Kiir Mayardit, presided over the swearing in of the newly appointed Minister of Finance and Planning, Athian...
US imposes more economic sanctions as South Sudan’s economy collapses
Sep 15, 2020(Nyamilepedia) — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) slaped more economic sanctions on Nabah Ltd, a...
“We are not able now to control the market. We are completely powerless” South Sudan Minister
Sep 13, 2020(Nyamilepedia) — South Sudan government has lost control over the country’s economy that is drastically collapsing and the “Honorables” are losing hoping in...