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


Why hiring a lawyer if you can buy a judge 2014-04-17 09:11:43 By Dong Samuel Luak April 16, 2014 - Many people in South Sudan are asking, how long did it take President Salva Kiir to plan all this tragedy befalling our young country now? Recruitment, (...)

Abyei: Peace cannot be achieved through partial solutions 2014-04-16 06:23:14 By Maiwen Dot Phoet April 15, 2014 - Over the past month, reports received from sources on the ground in Abyei confirm the withdrawal of soldiers affiliated with South Sudan’s army and police (...)

Why justice must be served to save South Sudan 2014-04-15 06:05:07 By Amb Joseph Ayok Anei April 14, 2014 - In May 1981 a Muslim called Ali Agca attempted to assassinate His Holiness Pope John Paul II. However, after his recovery, the Pope not only prayed for (...)


MORE




VIDEOS



Latest Press Releases


Letter to the South Sudanese government on the ratification of the African Charter 2014-04-16 06:24:18 Letter to the Government of South Sudan on the ratification of the African Charter H.E. Salva Kiir Mayardit President of the Republic of South Sudan Juba, South Sudan CC: Dr. Barnaba Benjamin (...)

In Sudan, at least 26,000 primary school children risk repeating an entire school year 2014-03-21 08:42:00 UNICEF SUDAN PRESS RELEASE In Sudan, at least 26,000 primary school children risk repeating an entire school year Khartoum, 20 March 2014 --- Primary school-aged children in Sudan are in (...)

Civil society groups call on AUPSC to support holistic peace in Sudan 2014-03-11 07:22:46 An Open Letter from Sudanese Civil Society Addressing the Meeting of the African Union Peace and Security Council (PSC) on the Humanitarian and Political Crises in Sudan H.E. President Thabo (...)


MORE

Copyright © 2003-2014 SudanTribune - All rights reserved.