• Ethiopia proposes $8 billion national budget

  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 (...)

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• South Sudan rules out sharing oil revenue with North

  Wednesday 16 February 2011
  February 15, 2011 (JUBA) – The new state of South Sudan that is expected to officially become the world’s newest state in July, has no intention of continuing to split the proceeds from oil revenue, an official in the South’s ruling (...)

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• China approves major loans for S. Sudan to improve infrastructure

  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 (...)

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• Sudan’s external debt projected to hit record $46 billion in 2013: IMF

  Friday 28 September 2012
  September 27, 2012 (WASHINGTON) – The International Monetary Fund (IMF) released figures on Thursday projecting that Sudan’s external debts will hit an all-time high next year, the latest evidence of a growing economic crisis engulfing (...)

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• Central Equatoria governor calls for better management of local revenues

  Friday 5 April 2013
  April 4, 2012 (JUBA) - The governor of South Sudan’s Central Equatoria state, Clement Wani Konga, said on Thursday that the government should stick to mobilising more internally generated resources rather than depending on oil revenues (...)

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• S. Sudan says will pay employees two months salaries after uncertainty

  Sunday 21 April 2013
  April 20,2013 (JUBA) - South Sudan has announced that it will pay its employees two months salaries, confirming uncertainties and speculations that the government had difficulties in getting funds to pay civil servants. South Sudan (...)

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• Sudan’s economy seen shrinking in 2011-2012: IMF

  Thursday 22 September 2011
  September 21, 2011 (WASHINGTON) – The economy of post-secession Sudan will experience contraction in growth in the years 2011 and 2012, according to data released by the International Monetary Fund (IMF). Olivier Blanchard(2nd-R), chief (...)

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• Sudan central bank says Western Union rules on money transfer no longer valid

  Monday 15 September 2008
  September 14, 2008 (KHARTOUM) – The Sudanese central bank issued a policy memoranda instructing banks to void a rule made by Western Union corporation when making money transfers. Western Union The pro-government Sudanese Media Center (...)

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• Kenyan bank targets S. Sudanese Diaspora

  Thursday 19 July 2012
  By Julius N. Uma July 18, 2012 (JUBA) - In a bid to promote international banking, KCB Bank of South Sudan has officially launched diaspora banking, an initiative targeting South Sudanese nationals currently living outside the world’s (...)

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• South Sudan limits currency conversion period to 45 days

  Wednesday 27 July 2011
  July 26, 2011 (JUBA) – The Central Bank of South Sudan (CBSS) on Tuesday announced a new policy limiting conversion from Sudanese Pounds to new South Sudan Pounds after independence to one and a half months. New South Sudan pound (...)

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