South Sudan: Afreximbank provides $500 mln for development projects
Tuesday, 16 April 2019 15:48
This week, Afreximbank announced that it would provide $500 million to South Sudan for energy transmissions, infrastructures and agriculture projects.
In the past two years, the bank has provided $200 million to the country to boost its economy. After years of civil war, South Sudan is trying to find solutions to its economic and political crisis.
In September 2018, the country’s president Salva Kiir and his rival Riek Machar reached an agreement that brought hopes of a way out of the crisis.
“We want to help South Sudan make the investments it needs to develop…We are seeing a country beginning to rise from the ashes and offering opportunities to its people. Afreximbank will support those who want to go to South Sudan,” said Afreximbank’s president Benedict Oramah (photo), according to statements quoted by Reuters.
For 2019, the IMF forecasts South Sudan’s growth to 8.8%.
Moutiou Adjibi Nourou
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