south sudan

ETHIOPIA AND SOUTH SUDAN TO EXPAND ITS INFRASTRUCTURAL DEVELOPMENT PLANS

Posted on by Gambeta News
ETHIOPIA AND SOUTH SUDAN TO EXPAND ITS INFRASTRUCTURAL DEVELOPMENT PLANS

Ethiopia and South Sudan have reiterated commitment to expand infrastructure that connect the two countries and accelerate regional integration. High government officials of the two countries have talked on the need to strengthening cooperation among Nile Basin member countries in a bid to utilize shared resources, according to the Ministry of Foreign Affairs (MoFA). Deputy Prime Minister and Foreign Affairs Minister Demeke Mekonnen have met and discussed with the South Sudan President, SalvaKiir Mayardit and…

Read More

KENYA AND SOUTH SUDAN TO PARTNER FOR JOINT INFRASTRUCTURAL PROJECT

Posted on by Gambeta News
KENYA AND SOUTH SUDAN TO PARTNER FOR JOINT INFRASTRUCTURAL PROJECT

President William Ruto said the two countries are pursuing joint infrastructure projects to enhance regional integration and boost trade. Kenya, he added, is keen on implementing the infrastructural projects under the Lamu Port-South Sudan-Ethiopia-Transport Corridor project (LAPSSET). This, he explained, will enhance connectivity, further integration and boost intra-regional trade for shared prosperity. “This is instrumental in supporting bilateral trade,” he said. President Ruto made the remarks at State House, Nairobi, on Saturday where he held…

Read More

SOUTH SUDAN ACQUIRE LANDS AT PORT OF DJIBOUTI TO CONSTRUCT NEW FACILITY

Posted on by Gambeta News
SOUTH SUDAN ACQUIRE LANDS AT PORT OF DJIBOUTI TO CONSTRUCT NEW FACILITY

South Sudan has acquired three acres of land at the port of Djibouti for the construction of a facility to handle the import and exportation of goods initially channeled through Mombasa port in Kenya. The Vice President and Chairperson for Infrastructure Development Cluster, Taban Deng Gai said he was directed to travel with officials from relevant ministries and departments for talks with authorities in Ethiopia and Djibouti. He said South Sudan intends to construct a…

Read More

TRINITY ENERGY TO BUILD US$500M REGIONAL REFINERY IN SOUTH SUDAN

Posted on by Gambeta News
TRINITY ENERGY TO BUILD US$500M REGIONAL REFINERY IN SOUTH SUDAN

Trinity Energy which is South Sudan biggest oil marketing giant is making plans to build a refinery that will refine petroleum products. The project will see an increase in the nation barrels per day (bpd) to 40,000 at Paloch in the oil-rich Upper Nile State. It will also increase the potential of expanding capacity to 200,000bpd, as well as petroleum storage facilities at Nesitu, in the south of the country. American firm Chemex will build…

Read More

ETHIOPIA TO IMPORT SOUTH SUDAN OIL

Posted on by Gambeta News
ETHIOPIA TO IMPORT SOUTH SUDAN OIL

Ethiopia will start importing South Sudan oil  at cheaper rate compared to the more expensive product from the Middle East. According to Ethiopia’s Minister of Mine and Petroleum Koang Tutlam, 15-20 percent of the money usually spent on importing refined oil from the Middle East has been saved from importing same amount from South Sudan. “We import almost all of our oil and other refined products from the Middle East, but owing to the proximity…

Read More

TANZANIA, KENYA AND UGANDA ARE REVAMPING THEIR OLD RAILWAYS

Posted on by Gambeta News
TANZANIA, KENYA AND UGANDA ARE REVAMPING THEIR OLD RAILWAYS

Why are they going back to their old railways after their agreement and ambitious plans for East Africa’s Standard Gauge Railway network. In August 2013 the Presidents of Kenya, Rwanda and Uganda signed a Tripartite Agreement; for the development and operation of a 1,500km-long joint Standard Gauge Rail (SGR) system; that will connect Mombasa (Kenya) – Kampala (Uganda) – Kigali (Rwanda). In May 2014, the Republic of South Sudan also joined this agreement; in other…

Read More

SOUTH SUDAN WATER PROJECT TO GET US$24.7m FROM AFDB

Posted on by Gambeta News
SOUTH SUDAN WATER PROJECT TO GET US$24.7m FROM AFDB

AfDB to finance South Sudan water and sanitation project with US$24.7m To support a developmental project in South Sudan, African Development Bank (AfDB) board of directors have approved a commitment of US$24.7m. The project receiving AfDB finance is titled South Sudan Strategic Water Supply and Sanitation Improvement Project. The project entails rehabilitation of about 50km of Juba town distribution network and also related works such as metering and public water collections outlets. There will also…

Read More

SUDANESE POUND INCREASES VALUE FOR THE FIRST TIME

Posted on by Gambeta News
SUDANESE POUND INCREASES VALUE FOR THE FIRST TIME

The value of Sudanese pound increases for the first time after devaluation. According to bankers, the Sudanese pound have gained weight as it now values at 46.95 to the US dollar. This is the first rise since the devaluation of the Sudanese national currency. The devaluation is a new strategy to battle the country’s financial crisis. Setting exchange rate on daily basis was tasked to a new team of bank executives and exchange houses. The…

Read More

FUEL SHORTAGE CRISIS IN SOUTH SUDAN

Posted on by Gambeta News
FUEL SHORTAGE CRISIS IN SOUTH SUDAN

Oil rich country on daily fuel crisis An international and power conference will be holding in South Sudan to deal with the country’s fuel crisis. Although the country has billions of barrels of oil reserves, petrol stations still run’s dry on daily basis. South Sudan the third largest oil reserves in Africa does not have a functioning refinery. Fuel from the black market is the only option in the country and many in the country…

Read More