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Money Monday: 5 key stories

This is the fifth edition of ‘Money Monday’ featuring a round-up of financial journalism from or about the two Sudans:Gulf firms look to emerging markets for growth (Reuters, 22 November 2012) — Bank of Khartoum’s capital will rise to $225 million within two years owing to investment by its Gulf bank owners.Sudan scraps plan to increase sugar prices (Sudan Tribune, 21 November 2012) — The finance ministry appears to rescind an order to lower sugar subsidies, which are widely popular.Sudan: Auditor General’s 2012 report reveals increases in embezzlements (Sudan Tribune, 22 November 2012) — Sudan’s auditor-general reveals that the amount of stolen public money rose by around $40 million compared to last year.Teachers’ salaries ‘not paid for 18 months’ (Radio Dabanga, 22 November) — Teachers protested in the South Darfur capital saying more than 1000 teachers were not paid for 18 months.Exporters seek new markets as South Sudan dollar crunch bites (Business Daily Africa, 22 November 2012) — Kenyan companies are looking less favorably on the South Sudanese market owing to the continuing prospect of war and scarcity of US dollars in the economy.

November 26, 2012 SUDAN/SOUTH SUDAN

This is the fifth edition of ‘Money Monday’ featuring a round-up of financial journalism from or about the two Sudans:

Gulf firms look to emerging markets for growth (Reuters, 22 November 2012) — Bank of Khartoum’s capital will rise to $225 million within two years owing to investment by its Gulf bank owners.

Sudan scraps plan to increase sugar prices (Sudan Tribune, 21 November 2012) — The finance ministry appears to rescind an order to lower sugar subsidies, which are widely popular.

Sudan: Auditor General’s 2012 report reveals increases in embezzlements (Sudan Tribune, 22 November 2012) — Sudan’s auditor-general reveals that the amount of stolen public money rose by around $40 million compared to last year.

Teachers’ salaries ‘not paid for 18 months’ (Radio Dabanga, 22 November) — Teachers protested in the South Darfur capital saying more than 1000 teachers were not paid for 18 months.

Exporters seek new markets as South Sudan dollar crunch bites (Business Daily Africa, 22 November 2012) — Kenyan companies are looking less favorably on the South Sudanese market owing to the continuing prospect of war and scarcity of US dollars in the economy.