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


Economic woes compel a shift in Khartoum’s “strategic alliance with Iran” 2015-03-30 21:04:12 By Eric Reeves Sudan Tribune reports today a remarkable declaration by the Khartoum regime’s foreign minister, Ali Karti: “We were never allies with Iran: Sudan Foreign Minister” The Sudanese (...)

What is wrong with the IGAD peace process? 2015-03-29 22:39:56 By Alfred Ladu Gore 1. The Effects of Flawed Methodological Approach on the Fundamental Issues Arising from the Crisis Situation in South Sudan In the methodological context of this paper, it (...)

Creating peace in South Sudan requires extraordinary precautions 2015-03-29 11:55:31 By Panther Alier On March 6, 2015, South Sudanese were hit again with grim news, the failure of the government and rebels led by Riek Machar to agree on almost everything that was on negotiation (...)


MORE






Latest Press Releases


Seventy-six organizations call for publication of AU Inquiry Report as deadline for peace passes 2015-03-07 05:04:51 6 March 2015: FOR Immediate Release SOUTH SUDAN: The African Union (AU) Peace and Security Council (PSC) should immediately consider, publish and disseminate the final report of the Commission (...)

Archbishop Taban calls for reconciliation and forgiveness 2015-02-23 09:30:38 February 2015 Greetings from Peace Village, Kuron. It is really a Peace Village. I had my peaceful Christmas and a Prosperous New Year in Kuron. God really blessed the area with Peace. You can (...)

WFP appreciates US additional support for S. Sudan’s hungry 2015-02-19 08:20:15 17 February 2015 (JUBA)- The United Nations World Food Programme (WFP) has welcomed a contribution of US$165.5 million from the United States Agency for International Development (USAID) to feed (...)


MORE

Copyright © 2003-2015 SudanTribune - All rights reserved.