South Sudan’s oil revenues continue to vanish to the detriment of its population. A new report from the UN Human Rights Commission revealed that more than $2.2 billion was diverted between 2021 and 2024 from the “Oil for Roads” program, which was intended to finance road construction.
The report, covered by the specialized press on September 18, comes days after the World Bank warned of the threat of near-universal poverty in South Sudan. In 2022, the Bank estimated that 76% of the population lived below the national poverty line.
At the same time, the country’s gross domestic product (GDP), estimated at about $12 billion in 2015, dropped to roughly $5.4 billion in 2024, according to OilPrice, citing World Bank and IMF estimates.
The UN report noted that nearly 90% of the promised roads were never built. It found that less than $500 million worth of usable infrastructure was delivered, while about $1.7 billion was channeled without results to shell companies, several tied to Vice President Benjamin Bol Mel.
The World Bank stressed that oil provides about 90% of government revenue, but that these resources are drained by corruption and poor management instead of financing productive investment.
This diversion deprives the state of the means to fund development. Without roads, rural areas remain isolated, limiting the flow of farm goods and driving up food prices. The World Bank said inflation reached about 105% in 2024, while the IMF projects 65.7% in 2025, further reducing purchasing power.
The Bank estimates monetary poverty at 92% in 2025. The country’s near-total reliance on oil revenues for its budget also deepens fiscal vulnerability and blocks diversification.
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
In Cotonou, Benin’s economic capital and home to the country’s leading institutions, the situation r...
GSMA outlines reforms needed to meet targets of the New Technological Deal 2034 High mobile taxes...
Nigeria approves upgrade of VHF radio systems at major airports Project includes new biometric portals, scanners, and passenger guidance...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agriculture, and energy projects in member states Key decisions...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency, even as the continent continues to face the ongoing...
Chocolate giants linked to deforestation via indirect cocoa sourcing in Liberia Global Witness says opaque supply chains mask origin of uncertified...
MoMA opens Pan-African portrait photography exhibition on December 14 Show explores mid-20th century African identity and political...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...