Archive for the ‘Economy’ Category


By Garang Atem Ayiik, Nairobi, Kenya

Fighting in South Sudan

Fighting in South Sudan

October 8, 2017 (SSB) — “Why Nations Fail” provides a very useful insight to understand the ongoing political intrigues in the east African region and what it may mean for the future of the region. The authors, Daron Acemoglu of MIT, and political scientist and economist James Robinson of Harvard University adopted a historical and comparative analysis approach to explaining why countries have different levels of wealth. In their analysis of data across countries and continents for over four hundred years, they found “institutions” as the main cause for inequalities across countries and continents.

In Kenya, the annulled presidential results of 8 August 2017 election put back to the campaign trail the main contenders for the Presidency. While the incumbent, President Uhuru is on a full-blown nationwide campaign, his main challenger, Raila Odinga is on a periodic two-day weekly protest in search for a reform within the electoral body. Evidence of unstable electoral institution.

In Rwanda, a constitutional provision for a presidential term limit has been removed potentially to give way for continuity of President Paul Kagame’s rule. In Uganda, members of parliament allied to the ruling party (National Resistance Movement) are processing an amendment to remove presidential age limit requirement. This is assumed to give room for President Museveni’s life rule who might not contest in accordance with the constitution if no amendment is made. Institutions correlate with rulers, they are not for society’s prosperity but for leader’s prosperity.

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The neglected sources of revenue in South Sudan that led to the government’s bankruptcy: Blaming drop in oil price and war are coincidental    

Longar Mathiec Wol, Nairobi, Kenya

black market vs central bank rate - Copy

August 21, 2017 (SSB) — The American politician and businessman Erskine Bowles once said “I think that if we don’t get these politicians to come together we face the most predictable economic crisis in history”. Inarguably that is the case today in South Sudan. The dispute in two camps hold the country hostage and the economic crisis is taking a toll on the citizens. It is up to us to bring these two camps or these politicians together and open a new chapter of economic recovery or we perish economically.

Though the war is not the only cause of the country’s worst economic crisis, it contribution is undeniable. The youngest nation’s government has been challenged by how to stabilize the country’s economy since the start of a disastrous civil war in 2013. The attempts to reinvigorate the economy went futile. The economic crisis that led the country into hyperinflation and the loss of public confidence in the government due to the rise of cost of living and in the way through which it handles the situation.

Many people traced the crisis back to 2013 but, the truth of the matter is, it was coincidental. Whether the war broke out or not this crisis was on its way and could have happened because the government has overlooked many factors that would have easily contributed toward the economic crisis in future.

When the country got independence, the aid extended by many countries made the government relaxive; It remains without a future plan on how it’s going to operate in the absence of this assistance from the donors. Some of the signs that the government didn’t put in place some of the mechanism on how to generate it revenue apart from hand out from the foreign donation.

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By Khurthii Manyuat, Beijing, China

Looking for black market fuel sellers    

August 3, 2017 (SSB) — The political and military system in the Republic of South Sudan are based and totally depends on oil revenues which mean the decline of oil revenues is directly responsible for the financial crisis that threatens the functioning of such an expensive system.

The financial crisis has created a large number of arrears of wages for soldiers and other arms of government institutions. Because of the financial crisis, the government has failed to perform on the incorporations of the rebels and the government’s commitment to reconciling many arms groups’ mutinies.

After the death of founding the father of South Sudan, many rebels emerged and got adopted to be a bribe to peace and reconciliation. Therefore with current financial situations, the government is handicapped and unable to substitute the rebel-bribes equation. The financial crisis to which its monoxide is being smoked by south Sudanese resulted from the decline of oil production.

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By Zack Mayul, Kampala, Uganda

Looking for black market fuel sellers

In search of black market sellers of fuel in South Sudan

July 28, 2017 (SSB) — This thing. A sense of losing moral values, loss of one’s own dignity, and the engineer of the world total distraction: a game where men seduce other men and fall in love with the size of their pockets and bank accounts. This, let’s just baptize it ‘ECONOMIC HOMOSEXUALITY.’

In other words, it is a process by which men chase men with money, or women chase their fellow women because they have what they want. It is no longer a diagonal affair like gold digging anymore as you might think.

In this process, at this critical time; it is where money produces the loudest noise, trust lose value, friendships all dead and gone, and respect got buried unceremoniously. These days, those who used to be close together have dispersed. No phone calls to check on one another, no frequent visiting, and no usual beer joints as a team.

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By Ustaz Abraham Mabior Rioc, Juba, South Sudan

politics of general in south sudan

Political cartoon by Ajith Isaiah Majok

July 2, 2017 (SSB) — In the world over, the issue of black market business and transactions of vital commodities remains at stake with dollars and fuel dealings is protected by law of the respective countries. However, in South Sudan for instance, the issue of dollars and fuel dealings have become the order of the day among the ordinary citizens while the rule of law is watching with its hands folded behind.

From the economic point of view, the matter of selling dollars in the black market by some people who have resorted to that petty business remains an outstanding issue of concern which seems to be a real threat to national economy. What makes an individual to wonder is the nature of the cheating being involved with cunning people victimizing the innocent ones. I always hear people talking of dollars exchange rate in the black market and the cheating cases which is complex in Juba and its suburban areas.

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By Akecam Mamer Thokgor, Rumbek, South Sudan

agriculture

Hunger can only be treated with food, not politics!

June 3, 2017 (SSB) — By fact South Sudan is recognized as one of the most ethnically diverse countries in Africa with over sixty (60) major language or ethnic groups. Due to this fact, South Sudan as a country currently has a population of 13,028412, based on the latest United Nations estimates that was released on Friday April, 28,2017(for more information visit: http://www.worldometers.info/world-population/south-sudan-population). This implies that the population of South Sudan population about 0.17% of the total World population.

As seen in the above paragraph, there is a rapid population growth in South Sudan. For instance, during the Fifth Population and Housing Census of Sudan of 2008, it was found that the population of South Sudan was 8.26 millions.  Looking at the increase of the population of South Sudan from 13,028412 to 8.26 million, it can be concluded that despite the war, famine, hunger, starvation and other related diseases, the population of South Sudan is growing unabatedly. This explains why there is a need for the government to properly plan for this run away population.

Thus, basing on the brief introduction concerning about the population and why the government needs to plan ahead above, I would like to inform you, my readers that population of South Sudan is at a daily increasing rate at such a high rate that  the  available resources without their proper utilization may not adequately meet the needs of the citizens. This is why the Nation of South Sudan and her government should rethink from the current economic paradigm to other form of economy that will be able to meet the needs for this ever increasing population in South Sudan.

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By Daniel Deng Mario, Juba, South Sudan

Kiir, Ajongo, Kuol, Wani, Awet, Malual Ayom

Kiir, Ajongo, Kuol, Wani, Awet, Malual Ayom

May 31, 2017 (SSB)— In response to Media Liaison Officer-Nile Pet who responded to my article I wrote against the Managing Director of the Nile Pet, I would like to state categorically onset of this response that whatever I wrote in that article still remains correct as it is and it is not considered rebutted whatsoever.

In opening of this response and in respect to the Media Liaison Officer whatsoever his or her gender is, has made unfounded and baseless response to my article just to defend supra interest embedded in the management of Nile Pet.  Since I am not sure of the gender of the said officer, I will in this response use the pronoun “he” in order to make it easier for my readers to follow my response to him in this article.

I must also add that as I will be discussing the points raised by the Media Liaison Officer in defense to my article I will be responding to each point in rebuttal so that time is saved for my readers.
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By Longar Mathiec Wol, Nairobi, Kenya

salary

salary

April 28, 2017 (SSB) — The forces of demand and supply has been some of the tools used to analyze the market in the world when it comes to foreign exchange and many others but that is not seems to be the case in the youngest nation in the world; the Republic of South Sudan. The forces of demand and supply dictate the market through increase and decrease. In this case, when the demand for hard currency increase the price for the hard currency increases and when the supply for the hard currency increases the price for the hard currency decreases drastically and vice versa.

But in south Sudan every season the high demand is toping, meaning there has been shortage since 2014, there has never been any increase of supply since the conflict broke out. That sound weird and doesn’t make sense. There must have been hug supply of hard currencies to the market but the problem is that the supply is being control by individuals who wholesale the hard currencies especially dollars and take them to the black market in order to individually benefit and control the market.

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By Hon. Oyet Nathaniel Pierino, SPLM-IO Governor Imatong State  

 the-us-dollar

April 26, 2017 (SSB) — To shoot down the economic crunch, which artillery to use? The situations in Juba is that of a swirling hurricane. Manga ten, Gurei, market are looted, Inflation has already hit over 1000%. The highest salary is that of the president valued at 150 USD per month. Over 80% of government employees earn less than 4 USD a month. An average poor person in the world lives on 1 USD a day, he should be able to earn 30 USD a month to be rated poor (World Bank scale).

80% of South Sudanese earns 4 USD a month (48 USD per annum) are not just poor but lives between absolute slavery and death. The 4 USD per month is not also paid on time as civil servants go for 3-4 months without pay. Since 2013 the government of South Sudan has borrowed heavily to prosecute the war of genocide and ethnic cleansing. The debt levels stand at 38.7% of GDP. Classified reports indicate that the government has already sold a large quantity of oil in advance sales and payments to multinational companies involved in oil business.

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“When you change the way, you look at things, the things you look at change.” (Max Planck)

By Ocholamero Otir Bure OROTO, Queensland, Australia

Ocholamero Otir Bure OROTO, Queensland, Australia

Ocholamero Otir Bure OROTO, Queensland, Australia

Dear South Sudanese,

April 26, 2017 (SSB) — It is vital to try seeing things from various angles!  Peace lovers and concerned South Sudanese within and outside South Sudan plus their friends have been suggesting political dialogues as the surest means to resolves South Sudan’s issues long time ago, but, the call felled in deaf ears of those steering the country.

There are several reasons for concerned people to say no to war. How could people prefer war to peace when the atrocities are on our face! Let the leaders and the ordinary people see the consequences for supporting war in one way or another. For examples; a place like Western Equatoria State that used to be one of the finest bread basket is no longer producing due to war, it is rendered unproductive in terms of its known agricultural activities, similar thing can be said of other states or regions in South Sudan. The result of the leadership-made war is now self-evidenced. Famine is now real, none of the leaders can rhetorically sweep this reality under the carpet anymore.

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Jon Pende Ngong: “The most costly bride in Bor in 2007: 200,000 ssp ($100,000) = 200 cows. In April 2017: 200,000 ssp ($1,000) = 2 cows”

By Ajang Alaak Atem Bor, South Sudan

salary

salary

April 23, 2017 (SSB) — This contrast must not be undersold, for it is plausible to think that having a heart to cooperate as citizens of South Sudan makes our nation better off. Appropriately, we, ourselves as the citizens together with our leaders should take upper lead in finding the middle ground for the future of our beloved young nation, South Sudan.

For we have the capacity to do what we want to resuscitate the life of our vanishing-nation. It’s out role as the countrymen and the countrywomen of South Sudan; we are the key stakeholders to stop the inflaming variance situations in south Sudan. It all requires thorough understanding of great damage and carefully engage ourselves in bringing forth the lasting peace for the common advantage of all citizens.

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By Baak Chan Yak Deng, Gogrial, South Sudan

Kiir and Garang, liberation day

Dr. John Garang and Commander Salva Kiir Mayaardit, during the liberation era

April 14, 2017 (SSB) — The South Sudan currency crisis arose from a collapse of confidence in the ability of a number of countries to maintain their fixed exchange rates while continuing to allow the free movement of foreign finance capital at a time of increasing current account deficits.

The South Sudanese currency was initially not affected by the pressure on other regional currencies. When it begins to fall, however, the underlying weakness of the South Sudan financial sector was revealed and private foreign debt was far higher than previously thought. The crisis worsened in South Sudan because of the lack of an effective government policy response.

The International Monetary Fund (IMF) financial stabilization package agreed to by the South Sudanese Government contained conditions requiring South Sudan to reform its financial sector, reduce fiscal expenditure and radically change the nature of government involvement in the economy.

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A Powerful Solution to Our Current Economic Crisis

By Baak Chan Yak Deng, Juba, South Sudan

economy

April 5, 2017 (SSB) —- You know the feeling when the whole world has let you down.  Isn’t that what we are experiencing right now?  To get you in the right frame you know the feeling when the whole world has let you down.  Isn’t that what we are experiencing right now?  To get you in the right frame of mind, let me ask you this: What would you do if you were at the beginning stage of an enormous snowstorm that showed no signs up letting up?

Surely, to get ahead of it, you’d grab a shovel and start shoveling or jump in your car to buy the last snow blower on the floor.  Well, in our current economic mess, the solution is right in front of us, too.  Hire the best and brightest entrepreneurs (yes – that’s us!), and put them to work!  Who else is going to try something new that will shake us out of these tiresome doldrums?  Here are ten things entrepreneurs can do that make them smart power resources.

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By Baak Chan Yak Deng, Juba, South Sudan

salary

salary

March 28, 2017 (SSB) — Black markets typically exist because the regular markets are not going to provide a seller the highest possible revenue for an item he has for sale. Because black markets are illegal, the seller requires a substantially higher price than he would get on a legal market.

Reasons for regular markets to not support the higher price would be that the item being sold is illegal or the item being sold has some kind of price control on it that prevents the seller from getting the full amount a buyer is willing to pay.

Illegal items can include goods that have been banned, or goods that have been stolen and cannot be represented as legally obtained by the seller. Examples of banned items are certain arms and ammunition, drugs, books, videos and other compilations of information or ideas that have been prohibited in that jurisdiction.

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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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By Daniel Juol Nhomngek, Kampala Uganda

garang-on-corruption

March 12, 2017 (SSB) — Corruption has become meaningless since it has become a common topic in South Sudan. Because of that it no longer appeals to many people as it has become monotonous.  However what is clear is that corruption is increasing day and night in South Sudan as it is indicated by various reports. And each time the report on corruption is released corruption is shown to be eating the society to the core as it permeates every part of the system.

Thus, in this article, I intend to comment on the impact of corruption in general and with specific regard to the recent report on corruption scandals in the South Sudan Crisis Management Committee (CMC) of 2013. The CMC was formed in the aftermath of the outbreak of civil war in 2013. It was made up of several Government ministers and some technocrats.  The purpose of the CMC was to manage crises that were caused by the civil war in order to help citizens that were affected by the war.

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#BringBackOurMoney or clear your name. Our people are dying of hunger because of famine yet you are making yourselves richer #BloodShedFree2017 #Anataban” Jacob Bul Bior

FULL LIST OF 63 CORRUPT OFFICIALS WHO EMBEZZLED 360 MILLION POUNDS OF THE CRISIS MANAGEMENT COMMITTEE (CMC) FUND, ACCORDING TO THE LEAKED REPORT FROM SUDAN TRIBUNE

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By Baak Chan Yak Deng, Kampala, Uganda

salary

salary

salary in rss

Salaries in dramatic decline

March 4, 2017 (SSB) — As I said on Thursday Article that South Sudan economy has faces twin challenges of high inflation and low growth. Most of the short term policy instruments at our disposal trade off one for the other. For example, the some individuals have raised interest rates to combat inflation. This may lower inflation, but hurts growth because it increases the cost of funds for companies.

Yes it has long been considered a scourge, an obstacle to investment and a tax on the thrifty. It seems strange, then, that inflation is now touted as a solution to the rich world’s economic troubles. At first sight the case seems compelling. If central banks had a higher target for inflation, that would allow for bigger cuts in real interest rates in a recession.

Faster inflation makes it easier to restore cost-competitiveness in depressed industries and regions. And it would help reduce the private and public debt burdens that weigh on the rich world’s economies. In practice, however, allowing prices to rise more quickly has costs as well as benefits.

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The Governor of the Central Bank should re-introduce pegged exchange rate system to stem economic haemorrhage in South Sudan

By Daniel Machar Dhieu, Juba, South Sudan     

salary

salary

                

March 2, 2017 (SSB) — Our country, South Sudan is in danger; criminal cases increased day by day and no any solution to these crimes activities which affecting the nation at this time. The situation becomes worsen and more uncontrollable in all corners of South Sudan.

This has shown clearly that there is no improvement at this juncture of hunger and insecurity of which no solution provided by our government. The only step taken by government was declaration of famine in all parts of South Sudan.

The government seems to have failed in handling its affairs across the nation, and this has been since comprehensible especially in the sector of economic management as the worse area in the government. The main central bank of South Sudan is in-charge of sponsoring the current black market in Juba. It was Central Bank policies that push US dollar at floating rate toward black market.

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By Daniel Juol Nhomngek, Kampala, Uganda

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February 27, 2017 (SSB) — South Sudan on Monday February 20, 2017 was declared to be facing imminent famine unless something is done to save people from hunger. The cause of famine or hunger was said to have its origin from the action of man thus, the term “man-made hunger or famine.”

The fact that millions of people of South Sudan are facing serious threats from death due to a “man-made” tragedy, a fact which is acknowledged by Isaiah Chol Aruai, chairman of South Sudan’s National Bureau of Statistics, on behalf of the Government, who said that some parts of the northern Greater Unity region “are classified in famine, or … risk of famine.”

In addition, Aid Agencies said that one hundred thousand (100,000) people are affected by the famine, which threatens another one million people in the coming months. As the press statement released jointly by the World Food Programme (WFP), UN children’s agency UNICEF and the Food and Agricultural Organization (FAO), it is observed in that statement that—”A formal famine declaration means people have already started dying of hunger. The situation is the worst hunger catastrophe since fighting erupted more than three years ago,”

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