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Finance
Finance
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Friday 11 January 2008
January 9, 2008 (MANAMA, Bahrain) — Sudan is raising as much as 100 million euros ($147 million) from the sale of Islamic bonds in the African nation’s first issue of the securities.
The so-called sukuk mature in 2010, Bahrain’s (...)
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Wednesday 13 November 2013
November 12, 2013 (JUBA) – Inflation fears are high in South Sudan after its Central Bank unexpected announced a devaluation of South Sudanese Pounds (SSP) against the US dollar by nearly 35%. South Sudan Pounds (ST)
The move, the (...)
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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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Wednesday 15 February 2012
February 14, 2012 (KHARTOUM) – The current round of talks between north and South Sudan on oil will likely be adjourned and resumed in two weeks time, an official in Khartoum said today. Pagan Amum, South Sudan’s chief negotiator (AFP) (...)
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Friday 11 May 2012
May 10, 2012 (KHARTOUM) – The government of South Sudan has managed to secure a total of $600 million in loans amid growing fears about how long the new nation’s economy can survive following its decision to halt its entire oil (...)
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Thursday 12 June 2014
June 11, 2014 (KHARTOUM) – Sudanese finance minister Badr al-Din Mahmoud made a rare acknowledgment on Wednesday by telling the parliament that the government is finding it increasingly difficult to control the markets which has seen a (...)
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Sunday 15 April 2012
By Tesfa-Alem Tekle
April 14, 2012(ADDIS ABABA) - One of Ethiopia’s leading banking groups United Bank is poised to open its first branch outside Ethiopia in South Sudan’s capital Juba, according to a release from the bank.
The new (...)
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Friday 24 April 2009
By Isaac Vuni
April 23, 2009 (JUBA) — Southern Sudan based Nile Commercial Bank (NCB) has run out of cash to meet its obligations, the clearest sign to date of the deepening financial crisis facing the semi-autonomous region.
The (...)
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Monday 16 April 2012
April 15, 2012 (KHARTOUM) – The Sudanese government has finally acknowledged the economic ramifications of losing oil-producing area of Heglig to South Sudan’s army, revealing measures to remedy the situation. FILE – Sudan’s oil (...)
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Sunday 19 February 2012
February 18, 2011 (JUBA) — South Sudan on Friday said it had withdrawn
the $2.6bn offer it initially proposed as financial transitional assistance to Sudan in return for resolving the Abyei dispute, border issues and other outstanding (...)
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