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South Sudan fledgling economy in trouble JUBA: South Sudan's decision to halt oil production in a bitter row with old enemies Khartoum has left the fledgling nation's economy at risk of collapse, as it prepares to mark its first year of independence. Landlocked South Sudan, which relies on the infrastructure of the North to export its oil, decided to stop pumping crude barely six months after becoming a state despite it almost being its only source of revenue. Juba, still reeling from over half a century of civil war, was angered to see Khartoum siphoning off its crude after a row over pipeline fees. Yet as early as March, confidential World Bank memos were painting a bleak picture of the future of South Sudan's economy, predicting it would collapse in the short or medium term unless oil production resumes. However, the ex-rebel army commanders turned government remain defiant. "We're not going to collapse, we're going to survive until the problem of ...

Miserable wait for Southerners stuck in Sudan KHARTOUM: The Dar es Salaam camp for South Sudanese resembles a junk yard wrapped in hessian. Residents have tied cloth bags around metal crates, beds and other possessions to form crude shelters. With no jobs, no running water and not even a toilet in their dusty Sudanese outpost, they have only one wish: to somehow reach South Sudan, which separated from the north one year ago. "We don't want money; just want to move," says a woman ...
Algeria celebrates anniversary with musical, fireworks  ALGIERS: Algerian celebrations to mark 50 years since gaining independence from France kicked off on Wednesday with a giant open air performance inspired by the liberation struggle, followed by nationwide fireworks displays. President Abdelaziz Bouteflika attended the historical musical "The Hero" being staged at a theatre in the seaside resort of Sidi Fredj, the site of the French landing in 1830, that began the official festivities ahead of Thursday's anniversary. The show, dedicated to the struggle of ...
Kenya looking abroad for stolen cash, seeks cooperation NAIROBI: Kenya has asked several countries to help it recover corrupt cash stashed in overseas accounts, but not all have agreed, the east African country's top legal adviser said on Tuesday. Corruption has blighted the image of east Africa's biggest economy for decades and many Kenyans view efforts to stamp it out as bogus and ineffective.  Githu Muigai, Kenya's attorney general, said four territories had agreed to cooperate - Switzerland, Japan, the United Kingdom and Jersey, a ...
ICC chief in Libya as staff members set to be freed  TRIPOLI: The head of the International Criminal Court arrived in Libya ahead of the expected release later on Monday of four staff members, whose detention since early June plunged the North African state into its biggest diplomatic controversy so far. Australian lawyer Melinda Taylor and Lebanese-born interpreter Helene Assaf were detained in the town of Zintan and accused of smuggling documents and hidden recording devices to Muammar Gaddafi's captured son Saif al-Islam. Two male ICC staff ...
Aid workers released in Somalia NAIROBI: Four foreign aid workers kidnapped in Kenya's Dadaab refugee camp were released overnight in southern Somalia after a short gunfight, and were safe with the Kenyan army, officials said Monday. "They are safe in our hands, they have been freed," Kenyan army spokesman Cyrus Oguna told AFP, adding that the two men and two women seized on Friday were released after a joint operation of Kenyan and Somali troops. "They were released in a joint force ...
President seeks majority as Senegal elects new lawmakers  DAKAR: Senegal voted for a new parliament Sunday with President Macky Sall seeking a majority to put his policies into action after ousting the veteran former leader Abdoulaye Wade in a March poll. Sall, who kicked off his presidency with a probe into possible wrong-doing by the previous regime, needs to end the current dominance of parliament by  members of Wade's party. Voters were slow heading to the polls, with observers saying the election could be marked ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln