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.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


The 62nd anniversary of Torit popular uprising 2017-08-17 00:23:12 By Arop Madut Arop As the people of the Republic of South Sudan mark and celebrate the 62nd anniversary of August 18th, 1955 Torit uprising, it would extremely be important to recall the events (...)

What is the value of water? 2017-08-14 21:28:25 By Innocent Ntabana When you and I breathe in fresh air, the amount I inhale affects you in no way. This is because air is abundant and so there’s plenty of it to go around. We actually take it (...)

The paradox of weapons collection in Darfur 2017-08-13 09:13:14 By Mahmoud A. Suleiman As a Sudanese people who long for stability, peace and security, we have no objection to the decision to collect unlicensed weapons throughout Sudan, but our reservation (...)


MORE






Latest Press Releases


New group formed to gather Nuer in United States 2017-08-17 14:15:50 DECLARATION FOR THE FORMATION OF NUD TO BRING TOGETHER ALL NUER IN THE U.S.A Press Statement The Nuer Union For Development (NUD) The United State of America The State of Nebraska August 15, (...)

A prominent Sudan Women and Civil rights activist passed away 2017-08-14 21:09:47 The Strategic Initiative for Women in the Horn of Africa (SIHA) Khartoum, Sudan-August 14 2017 In the early hours of Saturday 12th August Fatima Ahmed Ibrahim, a renowned Sudanese leader of the (...)

HRW denounces "collective punishment" in South Sudan’s Wau 2017-04-15 07:06:48 Human Right Watch South Sudan: New Spate of Ethnic Killings Urgent Need for Justice; UN Should Increase Patrols in Wau (Nairobi, April 14, 2017) – Government soldiers and allied militias (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.