JUBA — South Sudan was ranked as Africa’s most inflation-hit economy in 2025 at 97% according to the International Monetary Fund’s projections, as the rapid pound depreciation continued to erode …
Category:
Economy
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EconomyHumanitarianNews
Norway pledges USD 12.7 million to boost food aid in South Sudan
by Juba Witnessby Juba WitnessJUBA — Norway has announced an additional USD 12.7 million in funding to support the World Food Programme’s (WFP) emergency food assistance and resilience-building efforts in South Sudan, as the …
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EconomyNewsPolitics
Cabinet meeting approves peace deal amendments, resolves unspecified salary payment reforms
by Juba Witnessby Juba WitnessJUBA – An extraordinary cabinet meeting chaired by President Salva Kiir adopted critical resolutions on Tuesday, reportedly aimed at advancing South Sudan’s governance and national development. Key decisions included significant …
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BusinessEconomyJusticeNews
South Sudan fights $1B arbitration award to Qatar over civil war-era loan
by Juba Witnessby Juba WitnessJUBA — The Bank of South Sudan urged a federal court in Washington, D.C., on Friday not to enforce a $1 billion arbitral award in favor of Qatar National Bank, …
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EconomyNews
EU announces $46 million contribution for South Sudan electricity import
by Juba Witnessby Juba WitnessJUBA – The European Union has announced a 40 million Euro ($46 million) in grant to South Sudan which will be used to import hydroelectricity electricity from neighboring Uganda. EU …
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BusinessEconomyJusticeNews
Trading firm seeks to block sale of South Sudan crude cargo over US$100m debt
by Juba Witnessby Juba Witness(JW) – BB Energy has won a last-minute court judgment to prevent the government of South Sudan from selling an oil cargo worth at least US$20mn, due to be shipped next week, …
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BusinessEconomyPolitics
Kiir directs new Central Bank governor to address cash shortage
by Juba Witnessby Juba WitnessJUBA – President Salva Kiir has directed new Bank of South Sudan (BoSS) Governor Yeni Samuel Costa to swiftly find a sustainable solution to the liquidity crisis facing the country. …
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EconomyNewsPolitics
Cabinet passes 7 trillion South Sudan pounds FY budget
by Juba Witnessby Juba WitnessJUBA —The Council of Ministers on Friday, in its first ordinary session of the year chaired by President Salva Kiir, approved the country’s 2025–2026 fiscal year budget amounting to 7 …
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EconomyNewsPolitics
President Kiir sacks VP Bol Mel, finance officials in major purge
by Juba Witnessby Juba WitnessJUBA – President Salva Kiir has sacked the once powerful vice president Dr. Benjamin Bol Mel, the governor of the Bank of South Sudan and the head of South Sudan …
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EconomyNewsSudan
Sudan introduces new currency denomination amid worsening economic crisis
by Juba Witnessby Juba WitnessKHARTOUM – The Central Bank of Sudan on Thursday announced the issuance of a new 2,000 pound banknote, along with a second edition of the 500 pound note, amid concerns …
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