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 …