Public Management

South Sudan negotiates $250 million Afreximbank loan to combat covid-19

South Sudan negotiates $250 million Afreximbank loan to combat covid-19
Wednesday, 26 August 2020 12:49

South Sudan is seeking a $250 million loan from Afreximbank to finance its response plan against the coronavirus pandemic. The information was reported on August 24 by Lily Albino Akol (pictured), the Deputy Minister of agriculture and food security.

The new resources will, according to her, help close the deficit in the country’s revenues. Part of the money will also fund the peacekeeping strategy and the implementation of job-generating infrastructure projects.

“We will look at the implementation of the peace agreement, the fight against Covid-19, and food security in terms of availability of necessary commodities in the market as well as agricultural production,” the minister said.

Despite its huge oil reserves, South Sudan has been experiencing a dire economic and social crisis, aggravated by the conflict. Observers accuse the government of making use of its revenues to finance the civil war that has been tearing the country since 2013.

According to Minister Akol, the finalization of the loan agreement with Afreximbank is subject to the adoption of certain measures by the government.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
NSIA Banque CI securitized bonds begin trading on BRVM First multi-currency deal in UEMOA, fully subscribed Proceeds to boost SME lending,...
Ecobank Côte d’Ivoire reports revenue and profit growth in 2025 Deposits, loans rise; shareholders approve dividend payout Bank targets...
More than CFA1,000 billion received via mobile money in 2024 Total inflows rise 77% to CFA1,354 billion, led by Europe and North...
New SME Growth Fund aims to improve access to long-term capital Initial $30 million could scale up to $100 million over time SMEs remain...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
03

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
04

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
05

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.