South Sudan borrowed $600 million from China to pay public servants salary over the six months to come, South Sudan News Agency informed.
A few months ago, let’s recall, several South Sudanese MPs decided to boycott the 2019-2020 budget presentation ceremony, saying they will not do so until all salary arrears are paid.
Despite its large oil reserves, South Sudan, which has been independent since 2011, is struggling to pay its officials; a situation that fuels social discontent. Observers accuse the state of using a large part of its income to finance the civil war that has been tearing the country apart since 2013.
In a report published last year, The Sentry group exposed pervasive risks and political control in the banking sector of South Sudan, which further undermined the country’s economy during years of war. The report found that more than $80 million has been paid to military officials and government bodies for services such as military transport and logistics.
The civil war in South Sudan has killed about 400,000 and millions were forced to flee. After many peace treaties not respected, the two main protagonists in the conflict, President Salva Kiir (pictured) and his rival Riek Machar, agreed to form a government of national unity by mid-November in order to bring the country out of the crisis.
Moutiou Adjibi Nourou
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...
Heirs Energies acquires M&P’s 20% Seplat stake for $496M, exiting french group Maurel & Pro...
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other sectors face sharp contraction in 2025. Power, gas,...
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational investments—especially reliable electricity, digital...
Kenya’s economy grew 4.9% year on year in Q3 2025, up from 4.2% a year earlier. Construction, mining, hospitality and real estate drove growth...
Rio Tinto and Glencore confirmed early-stage discussions on a potential transaction with no firm offer. Rio Tinto must declare its intention to bid, or...
The Sundance Institute selected three African films from more than 16,000 submissions across 164 countries. The 2026 festival will run from January 22...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...