Home | News    Tuesday 5 February 2013

S. Sudan: UK funds project to boost economic diversification

separation
increase
decrease
separation
separation

February 4, 2013 (JUBA) – South Sudan has launched a customs development and trade facilitation programme at its Nimule border, seeking to help the country diversify its economy away from oil revenues.

JPEG - 39.3 kb
A checkpoint at Nimule border (Easthams)

TradeMark East Africa (TMEA) is implementing the project, under the country’s chamber of commerce, trade and industry, with funds from the UK government.

South Sudan’s economy remains heavily dependent on oil revenues, with other resources in the country yet to be fully tapped.

However, officials say a significant rise in revenue has been realised since work to develop South Sudan’s customs service began in 2011.

“Between July 2011 and July 2012, customs revenue increased by over 1600%,” the UK embassy in Juba said in a statement.

“This work comes at a critical time, with government focusing on diversifying income away from oil revenues,” it added.

South Sudan shut down its oil production in January last year, after a dispute with neighbouring Sudan over transit fees. Prior to the shutdown, oil revenues accounted for 98% of South Sudan’s budget.

It is widely believed that the new project will not only lead to the development of customs systems at South Sudanese border locations, but also further reduce irregularities and boost trade and investments.

Deng Ajak Bol, a clearing agent in Nimule, said such an initiative would also enhance South Sudan’s trade relations with neighbouring communities, who usually experience problems at border points.

“With such a system in place, I am sure the irregularities and complaints [of] traders from other countries experienced at our borders will be minimised,” Bol told Sudan Tribune by phone on Monday.

As part of the programme, both the private sector and civil society organisations will be able to positively influence trade policies, customs reform and trade facilitation, as well as the development of a trade integration strategy, the statement said.

An estimated £7 million (about $11 million) has been earmarked for the project over a three-year period.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article


 
 

The following ads are provided by Google. SudanTribune has no authority on it.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


The perilous change in Darfur’s demography 2015-08-28 08:10:36 By Eric Reeves The debate about whether or not Darfur was the site of genocide long ago flamed out, largely because the issue became excessively politicized and the world—in general—no longer (...)

IGAD-Plus and Peace Politics: Dateline without deadline 2015-08-23 20:24:08 “It is time we define governments in Africa as the responsibility, not the power” – Dlamini-Zuma By James Okuk On 17th August 2015 in Addis Ababa, the Intergovernmental Authority on Development (...)

South Sudan Peace Agreement: to Sign or not to Sign 2015-08-19 05:44:38 By Steve Paterno South Sudan peace process faltered badly. The most anticipated deadline to sign a final comprehensive agreement has passed, with government failing to ink the proposed (...)


MORE






Latest Press Releases


Resolutions and recommendations of the SPLM-N leadership meeting 2015-08-11 22:21:18 SUDAN PEOPLES’ LIBERATION MOVEMENT NORTH Leadership Meeting of the Sudan People’s Liberation Movement- North ( SPLM-N) Final Communique: Resolutions and Recommendations August 6th, 2015 The (...)

Sudanese, human rights groups and advocates demand renewal of UNAMID 2015-06-25 06:03:32 FOR IMMEDIATE RELEASE CONTACT: New York: Ahmed H.Adam, Tel. +1 347 567 1491 or aha64@cornell.edu Kampala: Abdelrahman Gasim, Tel. +256 7 51 90 77 77 or gasim202000@gmail.com Geneva: Abdelbagi (...)

Civil society groups urge to stop hostilities in W. Bahr El Ghazal 2015-06-11 22:24:37 Urgent action for sustainable peace in Western Bahr El Ghazal State Civil Society Statement: June 10, 2015 Wau –Western Bahr El Ghazal State- The Republic of South Sudan We, civil society (...)


MORE

Copyright © 2003-2015 SudanTribune - All rights reserved.