Home | News    Sunday 29 April 2012

Kiir says China to loan South Sudan $8 billion

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April 28,2012 (JUBA) - South Sudan’s president Salva Kiir has described his recent visit to China as “positive” and said China has agreed to loan South Sudan US$8 billion for infrastructure development.

South Sudan’s president Salva Kiir meets his Chinese counterpart, Hu Jintao in Beijing April 24, 2012 (Reuters)

Speaking at a press briefing on Saturday, the government spokesman, Barnaba Marial Benjamin, on described the visit as a “successful mission” as Kiir has secured funding for infrastructure from China. He said China has agreed to lend South Sudan the money to support the implementation of “development projects”.

Kiir cut short a visit to China on Friday due to “domestic issues” according to a Chinese official. During the trip China was reluctant to fund the alternative pipeline which Juba is keen to begin construction.

Juba strongly denied accusations that growing dissent in Kiir’s ranks prompted his early return.

One of the key issues which has seen the dramatic deterioration in the relationship between Juba and Khartoum has been use of the pipeline which takes oil from land-locked South Sudan to the coast of its northern neighbour.

In reaction to Khartoum’s alleged confiscation of US$815 million of South Sudan’s oil in lieu of the oil transit fees demanded by Khartoum which Juba regarded as extortionate, Juba shut-down the pipeline. With South Sudan’s main revenue stream now on hiatus, the funding for the construction of an alternative pipeline is pro-actively being sought.

South Sudan has been exploring alternative pipelines to Kenya and Djibouti. However, with depleted oil reserves, Juba’s bargaining power with regards to oil infrastructure investment has been diminished.

According to Marial, China will be investing in “roads, bridges, hydropower, agriculture and telecommunications projects within the next two years".

South Sudan’s deputy defence minister, Majak D’Agoot, commended Kiir’s trip to China and said South Sudan should “establish strong ties” with the “economic giant”.

D’Agoot said China has a huge interest and presence not only in South Sudan and her neighbouring Sudan but also in East Africa as region and as a continent at large.

China is keen for Juba to find a peaceful resolution to the conflict with Khartoum as it has interests to protect in both countries.

“The urgent task is to actively co-operate with the mediation efforts of the international community and halt armed conflict in the border areas,” the Chinese president Hu Jintao, said on Chinese state television.

(ST)

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  • 29 April 2012 05:13, by equtoria helped

    very good

    • 29 April 2012 05:19, by Ahmed Chol

      The SPLA never borrowed a single dollar since 1983 until 2005 and managed to fight the war. Now you are leading us into debt. What guarantees do you have that people like Akuien Chol will not loot $60 millions by themselves?. Don’t borrow the money if it is going to be wasted like the 4.5 billions donated in Oslo, Norway in 2005 and yet nothing happen.

      Ahmed Chol

      • 29 April 2012 05:32, by Ahmed Chol

        Remember what Hillary Clinton said in Addis-Ababa [in 2011] that you Southern Sudanese if you are not careful, your oil is more like to be a curse for you instead of blessing to you. Powerful countries and big greedy companies will blind fold and exploit you. The oil will be called yours but your people will not be better off than those who don’t have oil.
        So Kiir think, before you sign anything.

      • 29 April 2012 05:39, by Mach Achiek

        Ahamed Chol,

        The $4.5bn did not materialized at all. Donors refused to deliver their promise in the aftermath of Dr John death. However, if we can’t borrow money, how can we get the government running. I think all we can do as a citizens is to fight for corruption. We need to ask ourselves why did we took up arms and succeed from Khartoum.

      • 29 April 2012 05:41, by Snipper

        I like your comment Ahmed Chol!

        If people like Akuien Chol didn’t loot than we would have bought some machineries to protect ourselves! GOSS has to be very careful this time to bar people of the same blood of Akuien!

        • 29 April 2012 06:14, by Ahmed Chol

          @ Sniper, Mach Achiek

          that is true because a MIG 29 cost only $10 million, so what Akuien stole would have been 6 MIG or a lot of anti aircrapt sytems or a lot of gunship because a gunship cost about $3 millions.

          @Mach Achiek,
          Donors did not release rest of the money because there was no credible report given to them after they release the first amount of money. Whose mistake is it?

          • 29 April 2012 06:16, by Ahmed Chol

            People who only think of today only don’t always go anywhere.
            Do you know how and why most countries are in debt in Africa?

            • 29 April 2012 06:23, by Ahmed Chol

              Large amounts of debts force a country to have a dependent relationship with those who loan it the money. When you have a dependent relationship with another strong country, it is like being a small colony of that country. That means you are not totally independent economically. Think folks. You have gone to school and yet you are all still far behind in this game! Don’t let me tell the obvious.

              • 29 April 2012 09:21, by viper

                Ahmed Chol, Mach, Snipper. Why are you fighting the shadow of the elephant and not the elephant itself? Why not tell the truth as patriots? The current SPLM gov’t is the one looting our resources under Mayardit,not only Arthur. Have you not got the list of the 16 big fishes? If yes, then fight the elephant itself if no, then you have the right to blame that one old school couz you are behind the

                • 29 April 2012 09:27, by viper

                  Cont....... The news. The list of big fishes has in it all the splm figures. Those in the decision making table. Accountability should start right from the president himself of why he failed to control corruption? Why did he allowed those giants to loot like this?. Akuien is just a victim of this situation. Let us all blame the splm party for its failure to buy aircrafts and anti aircrafts

            • 29 April 2012 07:33, by Loko El Pollo

              WE DON’T NEED TO BE PEOPLE WITH NO APPRECIATIONS.WE OWED NORWAY MONEY FOR ALOT OF THINGS THEY GAVE TO US DURING THE WAR.SOUTH SUDAN AS A RICH NATION SHOULD HAVE WRITTEN 1 BILLION DOLLARS CHECK TO NORWAY.BECAUSE OF OUR SELFISHNESS WE DON’T SEE THE GENEROSITY OF OTHERS.HOW LONG ARE WE GOING TO RECEIVE AIDS EVERYWHERE AND NEVER GAVE BACK THANKY YOU LETTERS.I HATE GREED IN MY NATION.

    • 29 April 2012 06:54, by Makuei

      Correct the Title please: 8 millions to 8 billions
      does not read well.

      Come on Sudantribune editor:)

    • 29 April 2012 06:55, by Makuei

      Correct the Title please: 8 millions to 8 billions
      does not read well.

      Come on Sudantribune editor:)

    • 29 April 2012 07:38, by Loko El Pollo

      IS IT 8 MILLION OR 8 BILLION,THESE SUDAN TRIBUNE JOURNALIST NEED TO SEE THEIR EYES DOCTORS.SOME OF THEM ARE SUFFERING FROM THE CASE OF SERIOULY RED AND DIRTY EYES SYNDROMES.

    • 29 April 2012 09:04, by Joseph Makuer

      Really,our president will never travel to China because of $8 million dollar.

      He travel for $8 billion, $18 billion, $28 billion and so on

    • 29 April 2012 09:58, by Thiang Geka

      $8 bilion!!! A good news to Mr 50 Percent for he will again pocketed $4 bilion in the same way as he did to $60. But a bad news though in a latter years to come may be a communism mind which shall make a film similar to that of destroyed communists.

    • 29 April 2012 13:08, by Diu J.Kuek

      This so called Sudantribune should be careful when it come to publishing some article how can this article to be understand now,they put the headline $8 million in the content of the article they wrote $8 billion.

      Anyway I hope by this time the Govt will utilize this money as for the purpose of development not be for their own interests as previous money.
      may God bless South Sudan.

    • 30 April 2012 01:16, by Baring

      Dear Commenters

      Chaina is welling to sponsoer that project(Oil project), but there is an outside hand that put in to the Chainese head and telling them to not go for a big project with South Sudan. One of those is the Arab leage, and some individual Arab Country are keeping pressure to Chainese not to help S.Sudan.

  • 29 April 2012 05:45, by BM Bol

    The reporter who wrote this article needs to fix the title. The topic says 8 million while the body says 8 billion.

    • 29 April 2012 06:26, by allan

      To ahmed chol lets just first finish arab shit later we can sort out our own problem

      GOD BLESS ROSS

  • 29 April 2012 06:36, by equtoria helped

    honestly guys, this is just 8 billion dollars, do you know how much america borrows from china? lol, but anyway this will help us A LOT in improving OUR COUNTRIES INFRASTRUCTURE with no oil we virtually have no economy this helps us A lot

  • 29 April 2012 06:37, by equtoria helped
  • 29 April 2012 06:40, by equtoria helped

    plus with even the budget were in right now we’ll Pay them back in no time lol this is a HUGE STEP IN THE DEVELOPMENT OF SOUTH SUDAN WE SHOULD WELCOME THIS LOAN WITH OPEN ARMS IN JOY FOR OUR ECONOMIC CRISIS IS SECURE FOR NOW.

  • 29 April 2012 06:41, by equtoria helped

    TO AHMED IT SAID THE CHINESE COMPANIES WILL BE INVESTING THE GOVERNMENT HAS NOTHING OVER THIS MONEY EXCEPT TO LEASE THEM LAND.

  • 29 April 2012 06:56, by E. Defense Forces
  • 29 April 2012 08:47, by wad balad

    Before the SPLM should think about any infrastructure or development they need to compensate us for higlieg and this should be done in time.It is hard to build but very easy to destroy. By now SPLM would have divided this loan among themselves. Pagan will become fatter, kirr will buy more hats and southerns will be the same.

    • 29 April 2012 09:59, by Kurnyel

      China to be careful that money is like to through it into the ovean. the so call government in Juba are swarms of angry thives who wanted to be billionairs at shorter time plze watchout china Kiir is a wrong person, and Machar is suffering from cronic illness.

      • 29 April 2012 10:44, by Beneben Bai

        Wad Baliid and Kurnyel, we told you to stop insulting our leaders and S. Sudanese people. you think that you will change anything in S. Sudan but you forgot it is we (intelectuals)who have access to computers read your comments and write back.you refused to come up with something true and logic without insults but you don’t listen and that is your nature but you will pay for it

        • 29 April 2012 11:20, by Waucity

          I’m absolutely against media, I hate media, media is an agent of gossipers

          • 29 April 2012 13:43, by Loko El Pollo

            AKUEN,PAGAN AND KIIRI OWED THE NATION 90 MILLIONS.FIRST BRING BACK THE MONEY AND MAYBE LITTLE LOANS WILL BE NEEDED TO PROP UP THE SINKING SHIP.

          • 30 April 2012 01:23, by Ahmed Chol

            @Waucity,
            There is no way you will like the media if you don’t want the truth to be told.
            Especially if you are a thief, there is no way you will like media since the media will tell the public about your dirty work.
            If you hate the media, then you hate the constitution and finally you are against the country if you hate the constitution because you are not a patriot. Love the media or die now.

      • 29 April 2012 12:01, by Beneben Bai

        China is a business minded country. it knows and goes to where its isterests are. we need China help for our country development. we will reward China soon or later. same thing with our western freinds. we also go to where our interests are. we will teach Sudan gvt lessons which they always say it is not from S. Sudan, it is a forign agenda and plan. they don’t accept the truth of our moving ahead

  • 29 April 2012 11:51, by Konan

    Janobean,
    Believe me China will not give a single cent to the corrupt regime of Juba. In their pursuit to further their interest they will send their companies to develop oil fields and build necessary infrastructure. However,in return they will control your economy, influence your politicians and intervene in your internal affairs. Would Americans who consider SS as their own backyard allow it?

    • 29 April 2012 12:10, by Beneben Bai

      konan, that is a rubish analysis. we look at it in a different way. we need to develop our infrastructure as soon as possible. they could be as your gvt kept saying that they can alley with Shaithan for the sake of acheiving their goals. the world keeps changing even US are now-days not great enemies of Chaina. our freinds in the west understand our current situation if you don’t know that

    • 29 April 2012 14:04, by Beneben Bai

      sudan does not want south to graw and develop to show the whole world that they (successive sudan governments) for the last period more than 50 years were intentionally keeping south undeveloped. the north kept stealing all south resources, killing S. Sudanese under different stupid reasons. they don’t want to be exposed by S. Sudan gvt development activities to the world commmunity

  • 29 April 2012 13:37, by Deng

    What is the difference between an elephant and a mail box guys? the journalist that posted this news need to clarify the difference between a 8 billion and 8 million. for as much as my understanding, its 8b dollars, and here is my suggesting for SPLA

    Spend 4b dollars on air defense, air force and more millitary hard ware

    the rest on development.

  • 29 April 2012 14:39, by Tamongali

    Using my little economic sense and logic, the $8b is going to be paid back in 10 yrs with interest of 15% yearly that is about $1.2b a year.the questions are, how this loan is going to be paid, our oil is underground and no one ready to fund the pipe line yet.Dose china give a condition to export our oil through Sudan in return we get the loan? Is USA happy with us?

    • 29 April 2012 15:01, by Beneben Bai

      my freind, don’t wory, we will peacefully and successfully settle the loan. i think there are arrangements on how we’re going to settle them of caurse with an interst. these are the only options we have at the momnet until the time when we will be having more options. our enemy is now drown in debts and they don’t care. they are still dreaming that they will be able to get resources from S. Sudan

  • 29 April 2012 16:38, by Konan

    Tamongali,

    U r the most enlightened South Sudanese in this forum, I like your argument. I may add that out of the 8b dollars (I’m afraid it might be 8m) they will deduct certain amount as compensation for the heavy losses incurred by Chinese companies due to oil shutdown and Heglig destruction which is Chinese investment too.

    • 29 April 2012 20:42, by Beneben Bai

      konan, it proves itself so long that northeners did not sincerely care for S. Sudanese problems since the first day when sudan was formed as a state. we kept monitoring that for so long. the bad southerner is the good southerner in your view. our brother Tamongali is inocently throwing in his view for discussion but don’t think that he is supporting your evil thougts. take care

  • 29 April 2012 20:42, by ebony

    two things should be said:
    - This loan is at risk as far as the the list of 13 most corrupted officials is unrevealed.

    - Do not trust the Chinese very much.

    - This money should go to infrastructure only..if this money is used for any other purpose or exploited nu corrupt officials then no benefit will come to the country

    • 29 April 2012 20:58, by Beneben Bai

      ebony, you are right my brother. i think our president has now learnt a lot. i think he will be more tough this time and keep his eyes on every single $. those you mentioned have seen by themselves results of their actions against their country. nothing equal to your country and your land, and if your country is strong then U ’re strong if not, then you are nothing even if you hve billions of mone

      • 29 April 2012 21:00, by Beneben Bai

        I mean billions of money



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