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SUDAN/SOUTH SUDAN - 25 Feb 2013

Money Monday: 5 key stories

A weekly round-up of journalism about economic events in the two Sudans: 

Sudan buys gas oil from Kuwait at a premium to avoid damage to refinery: expert (Sudan Tribune, 24 February) -- The Sudanese Petroleum Corporation has bought 520 tonnes of gas oil at a premium from a Kuwaiti company in order to keep its refinery operating at capacity to avoid the damage associated with a shut-down.

Egypt builds bridge in Malakal, Upper Nile (Radio Tamazuj, February 22) -- The Egyptian government sent engineers to build a bridge of 300,000 USD to ease the movement of goods from the local port during the rainy season.

Ugandan businessmen will cooperate with Juba to pay taxes (Catholic Radio Network, February 23) -- Truck drivers from Uganda agreed with the authorities of Juba Payam to pay fees for entering Juba.

World Bank emphasises role of poor in poverty fight in South Sudan (Voice of America, February 22) -- The World Bank’s chief economist for Africa said the South Sudanese government should give communities a say in how to spend development funds. This would help them to hold civil servants accountable. 

Sudan expects increase in gold production worth $8 billion (Sudan Tribune, February 21) -- Sudan is looking for gold to make up for the budget deficit it incurred as a result of losing three quarters of its oil production.