Category Archives: Economics

South Sudan faces impending economic collapse

South Sudan's President Salva Kiir at a news conference in Juba. Kiir's $1 billion investment in military to crash rebellion failed Kiir bought 1000 tractors hoping to restore the collapsing economy but experts say it is just too late(Photograph: Goran Tomasevic/Reuters)

By Havard Bergo, Global Risk Insight May 03,2015(Nyamilepedia) —  Oil production has been slashed and oil revenues hurt by falling prices, depriving the government in Juba of most of the money it desperately needs. The UN warns that South Sudan’s economy is edging towards a complete collapse, as authorities begin printing money to fund state services. The power struggle between President

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The Economic Realities of War Sinking In

By Aggrey Idri, April 2, 2015(Nyamilepedia) — During the December 2014 peace talks in Addis Ababa between the Government of South Sudan and the opposition, the IGAD arranged for some experts to present their views on outstanding issues between the between the two partiesin areas of economy, finance, transitional justice and reconciliation. These Experts, from World Bank, Ethiopian Ministry of

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SOUTH SUDAN IN DEVASTATING FAILURE

By: Lam Chuol Bangoang, March 25, 2015 (Nyamilepedia)—-Problem of plan Implementation and plan failure. the results of development planning have been generally disappointing the widespread rejection of comprehensive development planning base on poor performance has had  a number of practical outcomes, South Sudan Government had fail rather than market failure. Government policy often tended to increase rather than reduce the

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Rising Death Toll In Juba As South Sudanese Economy Collapses:

March 13, 2015(Nyamilepedia) — The reported death toll in South Sudan capital, Juba, this week has hit a record high as economy collapses. Unlike earlier death incidents, which are believed to have been politically motivated, this week assassinations bear financial frustrations and grudges, as eye witnesses explain. On Wednesday this week, a gunman believed to be a member of national

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No More Resource Curse: Unregulated World Oil Market is a Peace for South Sudan

By Deng Lueth Yuang, Canada Opinion. Dec 7, 2014(Nyamilepedia) — Faced with US shale oil boom and lower global oil demand, oil cartel, OPEC met on 27 Nov, in Switzerland to discuss a way forward for the plunging oil prices. That meeting ended with no tangible breakthrough, in that its members failed to cut production to boost oil prices, and

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The European Elites Legacy in African Economies!

By Daniel Abushery Daniel, Oct 14, 2014(Nyamilepedia) — The former president of the United States, F.D. Roosevelt, says it best, and I quote; “True individual freedom cannot exist without economic security and independence. People who are hungry and out of job are the stuff of which dictatorships are made”. He said. Contrary to traditional view that; nothing good will comes

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THE ECONOMIC IMPLICATIONS OF SOUTH SUDAN WAR!

By Dhuor Reath Badeng, Part 1 July 2, 2014(Nyamilepedia) — Wars has influenced economic profoundly across time and space. Winners of wars have shaped economic institutions and trade patterns. Wars have influenced technological developments. Above all, recurring war has drained wealth, disrupted markets, and depressed economic growth. South Sudan Economy South Sudan economy is the world’s most oil-dependent, with the

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U.S. $227 Million Dollars Scandal Involving South Sudan’s Chief Negotiator Nhial Deng Nhial

By J. Nguen Nyol, June 13, 2014(Nyamilepedia) –– As war rages on in South Sudan and peace negotiation stalled in Addis Abba, Ethiopia between the Government of South Sudan and SPLM -In Opposition, South Sudan is once again rocked by another alleged nasty scandal and embezzlement of $ 205 million US Dollars by its Chief Peace Negotiator, former Minister of Defence and

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Money is the driving force to all the madness in South Sudan

By Gattuak C Guek, Opinion. June 10, 2014(Nyamilepedia) — South Sudan is an oil land that is locked by Sudan, Ethiopia, Kenya, Uganda, Central Africa Republic and Democratic Republic of Congo. It was only 3 years ago when Southerners had freely opted to break-away from Sudan, but because the land is naturally blessed with resources such as gold, diamonds, copper,

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South Sudan Must Cease Oil Contracts Until Peace Returns!

June 06, 2014(Nyamilepedia) — Global Witness, A UK based non-governmental organization, which investigates the role of natural resources in funding conflict and corruption around the world, is urging Salva Kiir government to freeze oil deals until peace return to the country. “Global Witness is calling on the government of South Sudan to issue a moratorium on all new oil sector

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Ugandan Army “Nearly Erased The Town of Bor” In January – MP

Does Mzee really like the UPDF? Columnists May 21, 2014(The Observer) — For every day that Ugandan troops stay in South Sudan, ostensibly to keep peace, we officially spend Shs 277m. This cost does not include the life some of our soldiers have lost trying to prevent the collapse of President Salva Kiir’s government, injuries, plus wear and tear of

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South Sudan to Offer Gold Permits in Bid to Wean Itself Off Oil

May 09, 2014(Nyamilepedia) — South Sudan, mired in conflict since December, plans to issue exploration licenses for gold-mining within three months as the nation seeks to reduce its dependency on oil revenue. Companies will soon begin drilling for “substantial” deposits of the precious metal in the country’s Eastern Equatoria state, Arkangelo Okwang Oler, director general for mineral development at the

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