Money Monday: 5 key stories
A weekly round-up of journalism about economic events in the two Sudans:
Zain feels the heat at frontier market in South Sudan (Reuters, April 26) – Mobile phone group Zain is considering selling off its network owing to high costs and the struggling economy in South Sudan.
South Sudan budget still guided by austerity measures (Radio Tamazuj, April 25) – President Salva Kiir said despite expected oil revenues South Sudan has got to keep its belt tight until the end of this year, as the country will first have to repay its debts.
Sudan’s currency rises on oil export deal (Reuters, 24 April) – Since the news of the oil deal the black market rate for the dollar has risen about 15 percent to 6 to 6.2 to the dollar
European Union allocates nearly 15m euros for health in Sudan (Sudan Tribune, April 22) – Out of the total budget, 1.5 million euros will be spent to improve maternal health in South and East Darfur states by training midwifes and nurses.
Border opens, prices in Wau markets drop (Radio Miraya, April 24) – The resumption of trade from Sudan to South Sudan positively affected prices of goods such as sugar, flour and oil in the markets of Wau in Western Bahr el Ghazal.