South Sudan: Latest News
Global Risk Insights, 7:32 am
Fatal clashes in South Sudan raise the possibility of civil war and the certainty of on-going instability, which may have measurable implications for East African businesses and economies. During the course of a meeting between President Salva Kiir and Vice President/former rebel leader Riek Machar, fighting ensued between their respective military forces, the SPLM and SPLM-IO.
Staff, 5:00 am
South Sudan was hit by renewed violence between government forces and former rebel troops that left hundreds dead earlier this week, leading to fears that the country’s two-year civil war could be reignited. A four-day cease-fire is currently holding. Getachew Reda, Ethiopia’s communications affairs minister, said the Intergovernmental Authority on Development (IGAD) would meet to discuss restoring peace to South Sudan.
Keren Mikva, 1:07 pm
In August 2015, South Sudan’s warring parties agreed to form a transitional government, ending the civil war that cost tens of thousands of lives and created 2 million refugees. Nearly 90 percent of South Sudan’s land is arable and cattle and sheep are plentiful, yet the country imports the vast majority of food and non-food items. Lack of economic diversity has made the declining oil revenue an even bigger problem.
Lillian Mutiso, 5:42 am AFKI Original
Africa is faced with several humanitarian crises as millions of people on the continent continue to fall victim to disasters, mostly caused by human actions and some by natural phenomenon. The continent has high percentages of people displaced from their homes due to civil strives and conflicts, sectarian and politically -instigated violence, droughts and floods. Below are some of the 12 most neglected humanitarian crises on the continent.
Dana Sanchez, 3:29 pm
As of 2016, Mauritius has the highest per capita GDP in Africa, with 5.7 percent growth predicted in 2016-2017. Its stock exchange is widely regarded as one of the best in Africa for a country of 1.2 million. There’s an entire business strategy known as “the Mauritius Route” used by investors as a conduit to connect them to Indian markets. In fact, 39.6 percent of foreign direct investment to India between 2001 and 2011 made its way via Mauritius. However, this money does not pass through Mauritius in a vacuum.
Global Risk Insights, 4:59 am
Former rebel leader Riek Machar has returned to South Sudan and formed a transitional government with President Salva Kiir but the risk of instability and renewed conflict remains high. On Tuesday April 26, former rebel leader and now Vice President Riek Machar landed in Juba, South Sudan. The return of Machar sparked celebrations, similar to the optimism which swept the country in July 2011
Kevin Mwanza, 8:45 am
South Sudan may not be keen on an oil pipeline deal with Kenya despite frantic effort from its neighbor to seal an agreement with the Africa’s youngest nation that would see the two nation construct a multi-billion dollar pipeline to the Lamu port. Last week, AFKInsider reported that East Africa’s largest economy was in a race against time to win the full backing of South Sudan for its planned $2.5 billion crude pipeline.
Peter Pedroncelli, 5:52 am
New FIFA president Gianni Infantino has suggested that Africa should receive two more World Cup qualification spots if his plan to expand the flagship competition from 32 to 40 teams is successful. Swiss UEFA Secretary General Gianni Infantino was elected as the new FIFA president at the end of February, and began working for world football’s governing body with immediate effect.
Lillian Mutiso, 5:30 am AFKI Original
In recent years, African countries have increased spending on their militaries. This is mainly due to the need to fight terrorist organizations and rebel factions that have emerged across most parts of the continent. According to data compiles by SIPRI, while African countries don’t spend much on their militaries compared to developed nation, the ratio of annual budget spent on armies on the continent is among some of the highest in the world.
Dana Sanchez, 3:10 pm
Africa’s No. 1 mobile services provider MTN has about 1 million subscribers in South Sudan and that’s shrinking. The company invested $170 million there the past two years and said it hasn’t seen a profit. It’s not the only company pulling back or pulling out of South Sudan. SABMiller said it planned to close its brewery in South Sudan due to difficulties securing foreign exchange to buy raw materials. The third biggest crude oil producer in sub-Sahara, South Sudan isn’t just losing companies. People are leaving the country in search of food.
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