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South Sudan woos investors to the oil sector, infrastructure

South Sudan woos investors to the oil sector, infrastructure
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UN peacekeepers step up patrols after deadly clashes in South Sudan

A surge in fighting between different ethnic communities in Warrap, Maban, and parts of Jonglei in South Sudan has caused hundreds of deaths and massive displacement over the past few months. While UNMISS peacekeepers have increased their presence and patrolling across potential hotspots, much more needs to be done to address the root causes of the intercommunal tensions. “This week, we plan to deploy peacekeepers to seven temporary operating bases across the country. Our very strong feeling is that, if we can deploy early in the dry season, we have a better chance of success in preventing violence before it happens. However, some places have been difficult to reach. Our efforts to reach Romich in Warrap, for example, have been continually blocked on the ground. In fact, we have a patrol on its way there now that has been blocked for the past five days”, said David Shearer, the Special Representative of the Secretary-General to South Sudan.

South Sudan introduces SSP 1000 banknote as inflation soars

South Sudan introduces 1000 SSP banknote as inflation soars South Sudan has announced the introduction of a new banknote with a larger denomination to cope with hyperinflation which shows no signs of slowing. At a press conference in Juba Tuesday morning, Central Bank Governor Dier Tong Ngor said a new Pound bill of 1000 will start to circulate as a way to make transactions more efficient. Until now, the biggest denomination in the country was 500 South Sudanese Pounds. The bank governor said the move to introduce the new Pound bill of 1000 aims to mitigate runaway inflation and a perpetual depreciation of the currency which has eroded the face value currency in the recent past. 

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