Inspiring Africa's Sustainable Business Growth
EGYPT – The National Bank of Egypt (NBE), Egypt’s largest bank¸ has launched in South Sudan, opening its first branch in Juba with a capital of US$30 million. Vice Chairperson of the NBE Yahya Aboul Fotouh said that the bank’s presence in Juba achieves more cooperation and development in Africa. The bank’s presence in Africa will provide various banking and…
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SOUTH SUDAN – Radisson Hotel Group has announced it debut in South Sudan with the opening of Radisson Blu Hotel in country’s fast-growing capital and largest city, Juba aligning with its ambitious African growth and development plan. Radisson Blu Hotel, Juba, is the first internationally branded 5-star hotel and offers 154 bright and contemporary rooms and suites with views of…
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SOUTH SUDAN – The World Bank Group has appointed Mr. Firas Raad as the new Country Manager for South Sudan effective August 1, 2021. Mr. Raad will be leading an expanding country program focused on delivering project financing and analytical services in support of South Sudan’s development priorities. The World Bank Group’s current portfolio in the country consists of six…
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SOUTH SUDAN – The government of South Sudan through the Ministry of Petroleum officially has launched the country’s first-ever oil and gas licensing round in Juba. Focused on accelerating exploration and production at new and existing blocks and promoting the country as a competitive investment destination, the move signifies a historic moment in the country’s competitive oil and gas sector.…
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SOUTH SUDAN – Pan-African housing development financier Shelter Afrique, has signed a Memorandum of Understanding (MOU) with Juba-based real estate firm, Triangle Real Estate to develop 26,000 housing units for South Sudan Defense Forces at an estimated cost of US$1.5 billion through a public-private-partnership special purpose vehicle. The MoU was signed in Nairobi by Shelter Afrique Chief Executive Officer Andrew Chimphondah…
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SOUTH SUDAN – The Central Bank of South Sudan has introduced a 1,000-pound banknote in a move to ease transactions. “Our aim is to align the structure of the banknote with the need of the people who use it for their daily transactions. We need banknotes that are convenient, high quality, secure, and cost effective,” Central Bank governor Dier…
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SOUTH SUDAN – The African Development Bank (AfDB) has signed protocols to disburse a US$14 million grant to the Government of South Sudan to boost agricultural markets in a project to be implemented by the UN’s Food and Agriculture Organization (FAO). The Agricultural Markets, Value Addition and Trade Development (AMVAT) project aims to enhance agricultural productivity and boost the marketing…
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KENYA – East African nations of Sudan and South Sudan have signed a number of agreements that involve oil production in the two countries. The countries have agreed upon the need to increase oil production in South Sudan, to use and benefit from the expertise and capabilities available in Sudan, and to speed up procedures to open a coordination office…
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SOUTH SUDAN – A consortium of Asunim Solar and I-kWh has joined a solar project under development near Juba, the capital of South Sudan. The two companies will work alongside Elsewedy Electric. In December 2019, the Egyptian company won the contract to build this 20 MWp photovoltaic solar power plant. The 20 MWp solar project under development has two new…
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SOUTH SUDAN – South Sudanese oil marketing giant Trinity Energy Ltd is set to inject $10 million worth of new investments in its Kenyan operations and build a $500 million crude oil refinery in South Sudan to serve the region with refined petroleum products. The firm which controls close to 40 per cent of the South Sudanese oil market is…
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