Thursday 27 August 2009
August 26, 2009 (JUBA) – The Government of Southern Sudan and the Central Bank of Sudan have resolved to rescue the collapsing Nile Commercial Bank.
Based in Southern Sudan, the Nile Commercial Bank (NCB) was the first commercial bank (...)
Saturday 9 June 2012
June 8, 2012 (ADDIS ABABA) - Ethiopia’s Council of Ministers has proposed a record 137.8 billion Birr (nearly $ 8 billion) annual budget for the 2012/2013 fiscal year, focusing on combating poverty.
The proposed budget, according to (...)
Tuesday 8 July 2014
By Tesfa-Alem Tekle
July 7, 2014 (ADDIS ABABA) – Ethiopia’s House of Peoples’ Representatives (HPR) has unanimously approved 178.5 billion birr (around $9.1 billion) for the 2014-2015 fiscal year budget.
The new budget saw a 15.3% (...)
Sunday 11 May 2014
May 10, 2014 (KHARTOUM) – The government of Saudi Arabia informed Sudan that it was not behind a decision taken by an unknown number of Saudi banks last February to suspend any dealings with Sudan.
“Some Saudi banks halted dealings (...)
Thursday 9 February 2012
February 8, 2012 (KHARTOUM) – The Sudanese President Omer al-Bashir has accused foreign groups of profiting from the crisis in Darfur, vowing to fully implement a deal aimed at ending years of insurgency and dependency on aid in his (...)
Thursday 16 January 2014
January 15, 2014 (KHARTOUM) – The US dollar inched higher in the black market relative to the Sudanese pound (SDG) despite assurances by the central bank that it has enough Forex reserves to support the local currency. A worker counts (...)
Wednesday 24 April 2013
April 23, 2013 (JUBA) - South Sudanese president Salva Kiir Mayardit said on Tuesday that the Chinese government has approved a major loan scheme to help his country improve infrastructure, adding that the agreement shows the level of (...)
Monday 29 October 2012
October 28, 2012 (JUBA) – South Sudan’s Minister of Finance and Economic Planning, Kosti Manibe Ngai, defended on Friday the centralized system of tax collection in the country after threats by the Central Equatoria State governor to (...)
Thursday 3 July 2014
July 2, 2014 (JUBA) – South Sudan’s finance minister, Agrey Tisa Sabuni, tabled the 2014-15 annual budget before parliament on Wednesday. The government’s biggest expenditure in the 2014-15 budget is the salaries of government employees, (...)
Wednesday 13 November 2013
November 12, 2013 (JUBA) – Inflation fears are high in South Sudan after its Central Bank unexpected announced a devaluation of South Sudanese Pounds (SSP) against the US dollar by nearly 35%. South Sudan Pounds (ST)
The move, the (...)
Sudan - Colliding interests 2014-09-16 10:04:11
By Mohamed Elshabik
September 15, 2014 - Sudan seems to be unconcerned by the current political crisis in the region. Amid a prognosis of full-scale war in South Sudan, unrest in Egypt, chaos in (...)
A pastoral appeal to South Sudanese to reconcile2014-09-16 09:19:03
By Rev. Bernard Oliya Suwa, PhD
September 15, 2014 - The 15th of December 2013 is a date that we South Sudanese are not going to forget any time soon – and so we shouldn't! After the violence (...)