Archive for the ‘Business’ Category

Why Have a Whole Ministry of EAC Affairs?

Posted: March 20, 2017 by PaanLuel Wël in Business, Economy, Mayen Ayarbior

By Mayen D.M.A Ayarbior, Juba, South Sudan

kuol manyang at the EAC summit

(R-L) Presidents Yoweri Museveni, Uhuru Kenyatta, Paul Kagame and South Sudan Defence Minister Kuol Manyang Juuk at the 10th Summit of Heads of State of the Northern Corridor.

March 20, 2017 (SSB) — After last week’s Council of Ministers meeting we learned that South Sudan will establish a Ministry of East African Affairs. It is not too late to look at the pros and cons of such a decision. Considering that the peace agreement stipulated a specific number of Ministries and Commission as-well-as the costs involved in establishing a whole new ministry at this time of economic meltdown, people must be thinking about the usefulness of the new Ministry.

On one side, some analyses against the move would suggest that establishing specialized departments (Department of East African Affairs) at relevant Ministries such as those of Foreign Affairs, Interior, Trade and Commerce should be sufficient for handling various EAC related tasks. Alternatively, something like a Commission might also be sufficient.

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IMF Staff Completes 2016 Article IV Mission on South Sudan

“South Sudan faces massive economic challenges in the wake of prolonged internal conflict and subdued oil prices. A relapse of violence in July following the formation of the Transitional Government of National Unity three months earlier compounded the crisis which started in December 2013 and challenged the peace process. Real income, adjusted for terms of trade losses, has declined by about 50 percent since 2013 and the number of people in need of humanitarian assistance has risen to unprecedented levels. Inflation has soared to about 500 percent (12 months through October), the exchange rate has depreciated steeply, and foreign exchange reserves are close to exhaustion. According to UN specialized organizations, the conflict has led to nearly two million internally displaced, more than one million refugees in neighboring countries, and about five million food-insecure South Sudanese.”

December 14, 2016 (SSB) —- End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision

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Michael Malaak Mayen, Juba, South Sudan

salary

salary

December 12, 2016 (SSB) — The effectiveness of official intervention in foreign exchange market is a crucial policy issue for South Sudan. The Bank of South Sudan abolished its fixed exchange rate regime due to gross overvaluation of it currency, the South Sudanese Pound. Since the abandoning of the fixed exchange rate regime and the introduction of a manage float in 2015, the Bank of South Sudan introduced the monthly and sometimes quarterly auctioning of foreign exchange. In the new regime, the Bank instructed commercial banks to report their daily exchange rates.

In the face of the underdeveloped interbank foreign exchange market, the weighted average of commercial banks daily rates, enable the Bank of South Sudan to obtain market-based official exchange rate.  The introduction of the auctions was the consequence of the country’s shallow and underdeveloped interbank market for foreign exchange. Intervention in foreign exchange market changes the balance between domestic and foreign currency denominated in the markets, which induces the investors to adjust their portfolio, changing the exchange rate. Furthermore, the information contained in interventions modifies expectations regarding the future spot exchange rate, leading to an immediate adjustment to the current exchange rate.

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By Awuol Gabriel Arok, Juba, South Sudan

the-us-dollar

November 29, 2016 (SSB) — Currencies dealers and their associates had put their big mouths deep into the country monetary pot and have gulp down as much as they can and are left with nothing for tomorrow. While they were busy erecting up umbrellas of victimization under the intensive heat of Juba City, our once valuable currency has terribly been soaked under the exchanging hands of the crafty umbrella boys.

After an abuse and exploitation of the country currency by the outlawed money dealers, the currency has disappeared into unknown crack hole through the black money pot of the infamous Currencies dealers. Without being spared by their careless dealing the umbrella boys are becoming the sacrificial lambs of their own blooper.

Though majority of the Umbrella boys have never attended formal education, their practical knowledge on Petr-dollar and how fuel can be converted into dollar have propelled them to change gear of their trade and have shifted their business to Roadside Bottle Petrol Stations along the major roadsides in Juba and other big cities of South Sudan, this illegal fuel dealing has been distressing  the entire population of Juba City, the drivers of public buses and tank water suppliers have aggressively join the club of cheating without sympathy.

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By Gen. Salva Kiir Mayardit, Juba, South Sudan

kiir and garang

Commander John Garang and Commander Salva Kiir in Rumbek, during the war of liberation struggle

November 24, 2016 (SSB) — We have been challenged economically as a nation and you my people may be thinking that the government is not doing anything to counter this. I am glad to inform you that we are working on how to achieve a sustainable economic growth. We are promoting social equity and this will mean giving equal opportunities in all fields to all the citizens of south Sudan in a healthy environment.

Before anything of this sort is achieved, security and safety must be guaranteed to all the citizens of south Sudan because it’s only in a peaceful and safe environment people can get to work on issues affecting them or the nation as a whole on daily basis. My government is going to release funds to improve our road conditions and security will be deployed in areas where unknown gunmen have been maiming our citizens.

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The gov’t of the Republic of South Sudan is contributing 73 billion SSP; the total budget, including pledged donors’ contribution amount to about 142 billion SSP. Of the national budget, Juba is taking 97% while states take 3%; that is, of the 73 billion ssp, only 2 billion ssp will be shared among the 28 states. And that is the least of the problem, for Khartoum is said to be pocketing about 80% of the oil revenue and the rest by the foreign oil companies. This time around though, Juba can’t afford to shut it down even if they are literally on the verge of getting negative%.

hunger

Comments and Observations of the Goch Makuach-led Sub-committee on Revenues

November 23, 2016 (SSB) — The Committee takes this opportunity to appreciate Hon. Stephen Dhieu Dau, Minister of Finance and Planning, TGoNU for his FY2016/2017 budget speech to the Transitional National Legislature on 18 October 2016. The Committee has examined four documents with respect to the resource envelope. These were: a) the FY2016/2017 budget speech; b) economic and fiscal stabilization measures action plan; c) taxation amendment bill, 2016; and d) financial bill, 2016/2017. Based on information obtained from these documents, the Committee held meetings with 37 potential sources of revenue, including donor agencies. It is on the basis of these meetings that the Committee would like to make general and specific comments on the proposed resource envelope for the FY2016/2017 budget.

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South Sudan: The Foreign Policies of the Western Nations Remain Permanently the Nations’ Foreign Policies, Not the Parties’ Foreign Policies

By Deng Kuol Deng, New York, USA

obama

President Kiir with President Obama of the USA at the White House, Washington DC

November 11, 2016 (SSB) —- My following South Sudanese: let us understand that the United States, or the western nations in general are used to consider their foreign policies as nations’ foreign policies or bipartisan policies, but not the parties’ policies. Let us understand this: what has happened between Obama Administration and South Sudan after independence, should be correctly considered as the one of USA policy against the China. China has been considered by the USA as an adversary in which both parties (Republican and Democrat) do not expect its alliance countries to associate themselves with it.

Therefore, the USA is not happy with our country, South Sudan on the ground that South Sudan government or its leadership has allowed China to continue with the oil contracts which were signed by Khartoum government. Not only the United States that is not happy with South Sudan government and its leadership but all the western countries which were stood with us during the war times are not happy with the South Sudan government on the ground that South Sudan has allowed China to continue with its exploration in oil fields. They have supported us during that times with the greatest hope that they may get the oil after the independent of South Sudan.

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By John Deng Ateny, Perth, Western Australia

hunger

Your need food, seriously?

September 25, 2016 (SSB) — South Sudan national economy mainly depend on the nation’s extraordinary mineral wealth, especially on petroleum. Maintaining resources reliance economy requires new discoveries. Effective national exploration, data acquisition and minerals distribution is required to provide ongoing economic prosperity. South Sudan has only limited geological work and this work is either unrecorded or locked away in former masters’ archives.

More geological survey needs to be done to continue resource and reserve upgrade. Unfortunately, there is non-existence financial investment, lack of related legislations, political instability and other threats, in including the presence of active landmines. South Sudan is still categorised Greenfield. Majority of land remain virgin despite oil discovery and ongoing active work in other areas.

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Jonglei state turns to prison service farm to feed its population

By Mach Samuel Peter, Bor, Jonglei State

farm in Bor, Jonglei state

farm in Bor, Jonglei state

August 23, 2016 (SSB) — Jonglei State prison service is expected to produce tones of food this year subsequent by the directorate strategy planting mammoth terra firma in the state with sorghum

Meager food commodities in the market furnish business community to swell prices of the few existing goods, making lives difficult for common citizens without an exception. The percentage increase of dollar against South Sudanese pound has been taken as scapegoat by most foreign and domestic traders as a chance to raise the prices in the Market.

Major General Alfred Manyang Agok the director of Prison service in Jonglei State who has 10 hectares farm said the indigenous must supplement the little they have by engaging in agriculture subsistence farming.

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By Mark Francis, Canada

Press Release: University of Northern Bahr El Ghazal "Opens for Business"

July 25, 2016 (SSB) — The mainline western media, generally left wing, has been preoccupied with a small portion of those Britons who voted Brexit, seeking to condemn all Brexit voters with charges of racism by using code words.

In actual fact, most of those who voted Brexit did so on solid philosophical grounds, and a key point was that under EU subjugation, Britain could not seek out trade deals with, for example, Canada, India or African nations.

The game was stacked against Britain, which was running a $100 billion trade deficit with the rest of Europe.  Worse, Britain’s future was instead bound tightly to a manically politically correct flotilla bent on heading for the rocks.

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By Mark Francis, Canada

john luk

Minister John Luk at press conference in Juba, 7 April 2011

July 5, 2016 (SSB) — Brexit can be very positive for Africa, especially those countries which speak English and were a part of the British world at some point, providing links.

The Brexit vote has been falsely categorized as driven by anti-immigrant (racist) sentiment, (as an aside, such nasty allegations are a cheap crappy way to engage in debate).

While that was at play for a small minority of people, there was a larger portion of the “Remainers” who actually reject Britain (good and bad – we all have warts and evil in our past, and that goes for countries, too), a similarly ignorant view.

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Why has land administration in South Sudan subsequently remain largely without a clear statutory basis?

By Lino Lual Lual, Juba, South Sudan

land grabbing in South Sudan

land grabbing in South Sudan

July 5, 2016 (SSB) — Squatting and land-grabbing have become major issues after South Sudan got her Independent. The lack of a clear policy and legal framework on land issues under-resourced institutions and the lack of a systematic, transparent process for plot allocation have also meant that ordinary citizens find it increasingly difficult to access land within the towns of South Sudan. Corruption is rife and in practice only those with money or connections can obtain land.

The majority of Juba’s people live without secure land tenure and are hence under constant threat of their life and eviction from the opportunists. Many have experienced repeated demolitions of their homes and have in the process been relocated to the outskirts of the city of Juba. The SPLM frequently used the slogan ‘the land belongs to the people’, or community although this principle was never actually enshrined in the Interim Constitution and other constitutions of Southern Sudan. Nor does the Act spell out clearly enough the roles and responsibilities of the various levels of government in relation to land administration in the country.

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The IMF Assistance is Not a Priority to the Nation: Restructuring of Systems and Economic Reforms are

 By Madit Them Arop, Juba, South Sudan

peace in RSS

Time for peace in South Sudan?

Introduction

June 24, 2016 (SSB) —- This writing is grouped into three segments arranged on basis suitable to the author and purposively serves the chosen organization of the work. It is openly started with elements thoughtfully considered, if well revised, strategized and legalized would open opportunity rooms for a better system. Before the elements, the nation overview since its inception demonstrated practices seems permanent from variety perspectives when in truth unearthing them is possible. The denial to put tangible system up has frustrated both political, economic, culture and social norms. And it’s the point being tried to unpack such that the elements to address have proper foundation with clarity.

First and at the world level, the Republic of South Sudan is one of the nations with plenty of resources. Evidently, the resources are in abundant, how and why the nation is on its knees is the puzzle to deal with. Second, restructuring of system (the corrupt practices): such resources are critically witnessed limbless, why it’s the case; does corruption has a hand in this? Some nations thrive without oil and other major resources, South Sudan is not exception, and why it’s sinking? Third, the IMF usefulness and its doubted side: why assistance rather than restructuring of the system? And finally, conclusion will serves as summary package focusing on whether taking of the IMF assistance would be healthy or it may requires prepared time to cross the loan-bridge to help evaluate the nation’s readiness.

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By Emmanuel Malual Makuach, Nairobi, Kenya

agriculture

Hunger can only be treated with food, not politics!

June 12, 2016 (SSB) — South Sudan need more agricultural extension officers than political extension officers who are an agent of conflicts in the country. Agricultures extensions officers will be an agent of food security and political stability in our societies. Agriculture extension officers are intermediaries between research and farmers. They operate as facilitators and communicators, helping farmers in their decision-making and ensuring that appropriate knowledge is implemented to obtain the best results in agriculture in South Sudan

Recent donation of tractors by President Kiir to all states of South Sudan was a good move to curb the food insecurity. However, there is still acute shortages of agricultural extension officers to teach farmers agricultural information on natural resources, animals, crops, on how best to utilize the farmland, how to construct proper irrigation schemes, economic use and storage of water, how to combat animal disease, and save on the cost of farming equipment and procedures.

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Hunger can only be treated with food not politics! Is Agriculture the backbone of South Sudan Economy?

By Machiek Nhial Makeny, Eldoret, Kenya

agriculture

Hunger can only be treated with food, not politics!

June 4, 2016 (SSB) — I am always tossed off from centre of Gravity by failure of the leaders to materialized promises as they nicely and decoratively spoken; in agog and hopes to witness them happening, I still end up in psychological torture when they are nowhere to be seen/implemented. on the other side, after successfully failing to deliver their pledges, they end up being adored and welcomed with more jubilations by the communities they originate from – a dilemma which brings a twist in matrix of who to be blamed, the communities or the leaders who are blindfolding? It’s mystifying to digest with ease unless we seek God’s intervention to reboot everything in this Country. It’s a nasty attitude and discernment which posed a great threat to our status quo as an independent South Sudan. As loudly spoken by the president and his 1st Vice president Dr. Riek Machar before he rebel that Agriculture is the backbone of South Sudan Economy, nothing had appeared to have been achieved despite good words and I am sure they are not the only leaders who have the idea of prioritizing Agro-sector as the main backbone of our economy.

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By Gabriel Garang Atem, Juba, South Sudan

BoSS1

May 10, 2016 (SSB)  —  Within the EAC, central bank governors in Uganda, Kenya, and Tanzania hold PhDs in economics with impressive academic and professional experiences in managing economic systems. The academic and professional details of central bank governors of Congo and South Sudan were not available on their banks’ websites.

The governor for National Bank of Rwanda has an MBA. He oversaw the elaboration and implementation of Rwanda’s 1st Economic Development and Poverty Reduction Strategy (EDPRS I) under which Rwanda was able to reduce poverty by 12% in 5 years (2006-2011). This exceptional contribution justifies his current role as governor.

South Sudan recently joined the EAC, a process that has left the country divided – on whether it was right or wrong. The proponents for joining the EAC argued that capacity building and learning by seeing were some of the benefits that will accrue to South Sudan.

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By Machar Garang Mabior, Bor, Jonglei State

hunger

Your need food, seriously?

April 25, 2016 (SSB)  —-  South Sudan is a newly independence country  in 2011 with eight million plus population according to 2008 census, it had recently joint East African community and stood number six amongst  EAC countries, these are Kenya, Uganda, Tanzania, Buundi and Rwanda. South Sudan had got a vast fertile land compare with other countries but getting food from outside as if we do not have land and rains, in South Sudan there are parts that had not been used for farming since the creation, only small parts habituated.

Since 2005 South Sudan is transporting food from surrounding countries e.g. Uganda Sudan, Kenya and the rest of the countries, when shall we produce our own food? We can produce our own food when we improve on the following points. Farmer’s attitude,   it had been difficult for farming to commence as wanted, because most of the farmers are reluctant when coming to farming activities this is due to laziness coupled with lengthy time taken without farming practices. The only group doing the farming are the elders when you see a farm around the home state then definitely there is an elder person in that particular house hold. Most of the youth have not taken farming as a business.

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This is a friendly rejoinder to an article, “Charles Dukwe, a national security threat, must be deported back to Nigeria” by By Reech Malual-Akumric on April 16, 2016

By Lawrence Renzo, Juba, South Sudan

south sudan, cursed or blessed

south sudan, cursed or blessed

April 23, 2016 (SSB)  —-  Most often than not, development is always a function of missed or seized opportunities. While African countries are repeatedly known for missing out on great opportunities, the Asian tigers have become richly developed because they seized their opportunities when they came. Opportunities as they say come in unclear and not so obvious packages and only the discerning will identity and partake.

On the 11th Of January 2011 while the referendum was being passed to a new nation in South Sudan, in a very different country, a young African, Charles Dukwe who had just returned from the United States to Nigeria was declaring the beginning of a series of private sector driven ideas to make the grossly under developed yet abundantly blessed African nation become what he termed a “New Nation”. His ideas were quickly embraced by the teeming youth population in the country and his highly motivational public speaking skills drew hundreds of thousands to his message of employing the forces of average citizen stakeholder status in national development, empathy driven innovation, fiscal conservatism and compassionate capitalism to bring transformative economic and infrastructural change to Nigeria. He commanded unbelievable loyalty, admiration and respect from across multi tribes in the very tribal line nation where everyone from a different tribe is viewed with skepticism.

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By Machar Garang Mabior, Bor town, Jonglei State

famine, hunger

famine in RSS

April 19, 2016 (SSB)  —- The common questions on the streets are what are the reasons behind not producing our own food despite the vast and fertile land in South Sudan. When meeting with farmers, we found out that the possible answers as to why we are still struggling with hunger are as follows:

Insecurity, yes I concur with those who blame the food insecurity on insecurity because farming cannot go down well with fears in place since farmers may fall victim when trying to produce their own food but could not completely stop us from food production because if we don’t produce our own food then we will certainly be the victim of hunger and we opted to food from UN which later change us from self reliance to dependency. Again not all parts of South Sudan are insecure, in those parts food can be produce.

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By Kuach Loch Garang Deng, Calgary, Canada

unity

The signpost welcoming the arrival of Riek Machar in Juba, put up by the government, at the site of Shirkhat suburb of Juba before the Juba Bridge

April 17, 2016 (SSB)  —-  As full implementation of peace is about to be achieved as rebel leader and the last leg of rebel group is expected to reach Juba next week, hope is highly renewed that South Sudan will enjoy fruits of peace through economic improvement. Nevertheless, the global economic downturn remains the most challenging economic crisis for many nations in the World. However, as a new nation with less economic experts, and economic commentators, return of Vice Designated always dominates South Sudanese talk in every corners and online forums that the dollar’s exchange rates will drop dramatically in his arrival.

In fact, victims of the senseless war are made to believe that Machar is a hero who is coming to rescue them from economic hardship in reducing high rate of dollars in the black market. A wish and high hope that would fade away as soon as Riek Machar lands in Juba international and the dollar remain same or drop one day as usual and shot up high next day.

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