World Bank appoints Firas Raad as new country manager for South Sudan

SOUTH SUDAN – The World Bank Group has appointed Mr. Firas Raad as the new Country Manager for South Sudan effective August 1, 2021. Mr. Raad will be leading an expanding country program focused on delivering project financing and analytical services in support of South Sudan’s development priorities. The World Bank Group’s current portfolio in the country consists of six engagements with a total financing volume of $US$ 375 million in commitments.     Under his tenure, the World Bank Group will continue to work closely with the Government of South…

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South Sudan launches first-ever oil and gas licensing round to accelerate exploration and production

SOUTH SUDAN – The government of South Sudan through the Ministry of Petroleum officially has launched the country’s first-ever oil and gas licensing round in Juba. Focused on accelerating exploration and production at new and existing blocks and promoting the country as a competitive investment destination, the move signifies a historic moment in the country’s competitive oil and gas sector. The launch precedes the country’s highly anticipated national energy conference, South Sudan Oil & Power 2021, organized by Energy, Capital & Power that will take place at the Crown Hotel…

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Shelter Afrique and South Sudan sign US$1.5b housing deal

SOUTH SUDAN – Pan-African housing development financier Shelter Afrique, has signed a Memorandum of Understanding (MOU) with Juba-based real estate firm, Triangle Real Estate to develop 26,000 housing units for South Sudan Defense Forces at an estimated cost of US$1.5 billion through a public-private-partnership special purpose vehicle. The MoU was signed in Nairobi by Shelter Afrique Chief Executive Officer Andrew Chimphondah and Triangle Real Estate Chief Executive Officer Amb. Arop Deng Kuol, on behalf of the Ministry of Finance and Planning for the Government of South Sudan. “We have been mandated by the Ministry…

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South Sudan introduces 1,000-pound banknote to ease transactions

SOUTH SUDAN – The Central Bank of South Sudan has introduced a 1,000-pound banknote in a move to ease transactions.   “Our aim is to align the structure of the banknote with the need of the people who use it for their daily transactions. We need banknotes that are convenient, high quality, secure, and cost effective,” Central Bank governor Dier Tong told journalists in Juba during a press briefing. “In July 2019, the Bank of South Sudan planned to introduce 1,000 pound after the successful introduction of the 500-pound banknotes…

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AfDB, FAO and South Sudan ink protocols for US$14m grant to boost agricultural markets

SOUTH SUDAN – The African Development Bank (AfDB) has signed protocols to disburse a US$14 million grant to the Government of South Sudan to boost agricultural markets in a project to be implemented by the UN’s Food and Agriculture Organization (FAO). The Agricultural Markets, Value Addition and Trade Development (AMVAT) project aims to enhance agricultural productivity and boost the marketing and trade of agricultural products in South Sudan. The project will be implemented by the Food and Agriculture Organization of the United Nations (FAO) in close liaison with the country’s…

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Sudan and South Sudan sign oil production agreement

KENYA – East African nations of Sudan and South Sudan have signed a number of agreements that involve oil production in the two countries. The countries have agreed upon the need to increase oil production in South Sudan, to use and benefit from the expertise and capabilities available in Sudan, and to speed up procedures to open a coordination office in South Sudan. They also agreed upon the need for cooperation through training centres, laboratories, refineries and other facilities in Sudan, the establishment of a partnership working in the field…

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South Africa’s Asunim and 1-kwh join the 20MWp Juba solar project

SOUTH SUDAN – A consortium of Asunim Solar and I-kWh has joined a solar project under development near Juba, the capital of South Sudan. The two companies will work alongside Elsewedy Electric. In December 2019, the Egyptian company won the contract to build this 20 MWp photovoltaic solar power plant. The 20 MWp solar project under development has two new players, the photovoltaic system supplier Asunim Solar, based in the United Arab Emirates, and the renewable energy solutions consultancy company I-kWh. The Egyptian company was awarded the contract following a…

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South Sudan’s Trinity Energy to set up a US$500m refinery

SOUTH SUDAN – South Sudanese oil marketing giant Trinity Energy Ltd is set to inject $10 million worth of new investments in its Kenyan operations and build a $500 million crude oil refinery in South Sudan to serve the region with refined petroleum products. The firm which controls close to 40 per cent of the South Sudanese oil market is planning a 40,000 barrels per day (bpd) modular refinery at Paloch in the oil-rich Upper Nile State with the potential of expanding capacity to 200,000bpd as well as petroleum storage…

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UNICEF distributes US$5m supplies to help contain spread of COVID-19

SOUTH AFRICA – The United Nations International Children’s Fund (UNICEF), has procured and distributed supplies worth US$5 million to help contain the spread of the virus in the country since the beginning of its COVID-19 response in South Sudan. “From supply shortages to transport constraints, COVID-19 has brought enormous challenges to our supply operations,” said Dr Mohamed Ayoya, the UNICEF Representative in South Sudan. “However, with support from our partners, we were able to meet the most pressing needs and to deliver the supplies crucial for our COVID-19 response.” Supplies…

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The African Energy Chamber supports South Sudan in its effort to fight COVID-19 pandemic

SOUTH SUDAN – The African Energy Chamber, the leading chamber of successful networks, transactions and partnerships at the helm of Africa’s growing energy industries has provided financial and material support to the government of South Sudan to support its efforts to respond to the global Covid-19 pandemic. The donation comprises a cash grant and sanitizing products, and represents the long-standing commitment of the Chamber towards the prosperity of South Sudan. It was received in Juba by H.E. Daniel Awow Chuang, Undersecretary at the Ministry of Petroleum, who will in turn…

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