Salva Kiir Appoints New Central Bank Governors and Deputy Minister of Finance

Hon. Dier Tong Ngor, the newly appointed Deputy Governor of South Sudan Central Bank(Photo: file)

Jan 15, 2017(Nyamilepedia) —– South Sudan’s incumbent president, Mr. Salva Kiir Mayardit, relieved his long-term serving Central Bank Governor, Korneilo Koryom Mayik, and his deputy John Dor amid economics free fall and currency depreciation. Kiir replaced Koryom, a fellow Dinka tribesman, with Dr. Othom Rago Ajak, a loyalist from the Chollo tribe. Othom has served in the Central Bank starting under the former Central […]

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South Sudan Oil: A Curse or a Blessing.

An engineer points at the damage to an oil pipeline in a largely damaged oilfield in Heglig over which South-North Sudan blames one another for(Photo credits: Reuters)

By Dr. Isaac Yak R. Tutdel, Ph.D. Analysis 27th December 2016(Nyamilepedia) —– The Petroleum Industry in South Sudan (PISS) was inherited from the continuing Sudan and sustains long historical records. South Sudan is endowed with significant non-renewable natural resources that would have an enormous positive transformational impact on the South Sudanese communities if polices to exploit them were for the […]

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South Sudan Not Printing 1000 SSP But Oil Revenues Goes To President Kiir and Finance Minstry Accounts

Juba, Nov 25, 2016(Nyamilepedia)  —- Speaking to Nyamilepedia press at press conference in Juba, Kornelio Koriom, the Central Bank Governor, says the Bank is not printing any new notes with the dominations of two hundred, five hundred or even one thousand South Sudanese pounds as alleged. Speaking on Friday morning, Koriom however admits that the bank has printed more currencies […]

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The Bank of South Sudan is rapidly facilitating the collapse of Commercial Banks in South Sudan;

Stephen Dhieu Dau, former Minister of Petroleum and the current Minister of Finance, now promising to reform economy(Photo: file)

By J. Laddu October 17, 2016(Nyamilepedia) —- Established by the Bank of South Sudan Act, 2011, the Bank of South Sudan is statutorily mandated to among others regulate the operations of Financial Institutions such as commercial Bank. The Central Bank fulfills this mandate by issuing Prudential Guidelines (Regulations/Subsidiary Legislation) under the authority provided for under the Bank of South Sudan […]

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A Megaproject Rises In East Africa And South Sudan

Work on the LAPSSET highway in progress near Turbi in Kenya. The road will connect Kenya with Ethiopia.

August 28, 2016(Nyamilepedia) —— A distinctive, glass-panelled multi-storey building with tall stone arches stands out in the bushes of Magogoni in Kenya’s historic coastal town of Lamu. It is the headquarters of a $25 billion infrastructure project—the Lamu Port South Sudan Ethiopia Transport (LAPSSET) Corridor—which will link Kenya with Ethiopia, Uganda and South Sudan. The far-reaching project involves a railway, a […]

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South Sudan New Finance Minister Promised To Deregister “Ghost Employees” and “Reform” Economy

Stephen Dhieu Dau, former Minister of Petroleum and the current Minister of Finance, now promising to reform economy(Photo: file)

August 02, 2016(Nyamilepedia) —– South Sudan’s new Minister of Finance, Hon. Stephen Dhieu Dau, pledges that he will fight corruption by deregistering an unknown number of “ghost workers” and unknown gunmen in the country. Speaking after his swearing-in ito his new office to reform an economy that has been free falling, the former Minister of Petroleum, Dhieu, assures the media […]

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South Sudanese Economy Collapsed

SOUTHSUDAN-GOVERNED02 C

By Dominic Ukelo, July 23, 2016(Nyamilepedia) —– Since the returning of the SPLA-IO members and prior to the Juba Street fighting, which led to the South Sudanese economy to collapse, there has been high tension all over the country, especially in the capital, Juba. Some elements in the government were unhappy with the returning of the SPLA-IO members. Meanwhile, the […]

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Breaking News: South Sudan Decides To Print Currency To Pay Public Servants

Money South Sudan

  June 24, 2016(Nyamilepedia) —– Following months of strikes and yet risking more strikes from the army, police, wildlife and other public servants, South Sudan’s incumbent president of the Transition Government of National Unity, Mr. Salva Kiir Mayardit, has ordered the Central Bank to print enough money to pay the government employees. The order, which is more likely to deteriorate the […]

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South Sudan Joins COMESA

South Sudan Director General for External Trade at the Ministry of Trade, Stephen Matatia, speaks in Mombasa after signing South Sudan into COMESA, May 5, 2016(Photo credits: KTN/Nyamilepedia)

May 07, 2016(Nyamilepedia) —— The African’s youngest nation, South Sudan has joined the Common Market for Eastern and South Africa (Comesa). The barely expected admission of South Sudan into COMESA came a few days after the war-torn oil rich state joined the East African Community(EAC). According to Sindiso Ngwenya, the Secretary General of Comesa, who spoke at a signing ceremony […]

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Reforms, reforms, reforms: the most important benefit of RSS membership in EAC

AGGREY TISA SABUNI, former Minister of Finance and current presidential advisor of economic affairs(Photo: supplied)

BY AGGREY TISA SABUNI, April 23, 2016(Nyamilepedia) —– A lot has been said and written about the potential benefits and costs of South Sudan’s membership in the East African Community (EAC). While most of it has been quite informative, educative and useful, there still remains enormous need for more public enlightenment on the issue. Reforms are likely to be the […]

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