Category Archives: Market
Economists Urge New Economic System for South Sudan
JUBA/GENEVA — While some South Sudanese experts recommend the government adopt a new economic system used by developing states to cut off black market currency exchange and stabilize skyrocketing prices, a new U.N. panel report says the real problem in
Sudan Businesses Feel Pinch as Currency Devalues, Inflation Soars
KHARTOUM – Sudan this month declared an economic emergency after the Sudanese pound lost 40 percent of its value in one month and annual inflation jumped to 167 percent. Sudan’s transitional authorities have struggled to stabilize the currency, the weakness …
Japanese Ship Operator to Put $9.4M Toward Mauritius Oil Spill Recovery
The operator of a Japanese-owned bulk carrier that crashed into a reef in late July, causing a widespread oil spill in Mauritius, will pay at least $9.4 million over several years to fund environmental projects and support local fishing communities.…
Japanese Ship Operator to Put $9.4M Toward Mauritius Oil Spill Recovery
The operator of a Japanese-owned bulk carrier that crashed into a reef in late July, causing a widespread oil spill in Mauritius, will pay at least $9.4 million over several years to fund environmental projects and support local fishing communities.…
South Sudan, Sudan Address Economic Crises
JUBA / WASHINGTON – South Sudan’s central bank said Friday that it planned to ban the use of foreign currency nationwide to prevent further depreciation of the South Sudanese pound against the U.S. dollar after prices of food and other …
Renewed Violence in DRC’s Kasai Region Could Trigger Mass Displacement, UN Says
GENEVA – The U.N. refugee agency warns that renewed violence and tensions in the Democratic Republic of Congo’s Kasai province could trigger a new wave of mass displacement.
More than 24,000 people in troubled Kasai province have fled violent attacks …
