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 theory of African president and prime minister, working together 2014-11-22 05:32:12 By Steve Paterno November 21, 2014 - Africa is notoriously known for political instability, stemming in most cases, over power struggle among the ruling elites. Often times, the best and quick (...)

The UNAMID internal report on mass rape in Tabit. 2014-11-21 06:09:21 What UNAMID really said about their investigation of mass sexual assaults on Tabit: The internal report on what investigators found By Eric Reeves November 20, 2014 - On November 12, 2014 (...)

Bullying Darfur 2014-11-13 18:13:39 By Namaa Al-Mahdi November 13, 2014 - “We broke their backs in Abu Karshola, I doubt they have recovered since,” said a prominent Sudanese Armed Forces (SAF) member about their counter attack on (...)


MORE








Latest Press Releases


Sudan Democracy First Group condemns wave of arbitrary arrests in Sudan 2014-09-25 05:17:35 Sudan Democracy First Group 25 September 2014 - In a desperate attempt to prevent a series of events commemorating the victims of the September 2013 protests, Sudan’s notorious National (...)

HRW calls on UN rights body to press Sudan to investigate murder of peaceful protesters 2014-09-24 21:24:09 Human Rights Watch One Year On, No Justice for Protester Deaths (Geneva, September 23, 2014) – The United Nations Human Rights Council should call on Sudan to account immediately for the death (...)

Hundreds walk for peace in South Sudan 2014-09-23 08:30:16 National Platform for Peace and Reconciliation (NPPR) PRESS RELEASE Juba, 21 September 2014 - Hundreds of people took to the streets of the South Sudan capital Jubato ‘Walk for Peace’and demand (...)


MORE

Copyright © 2003-2014 SudanTribune - All rights reserved.