economy

economy

Court Blocks South Sudan Oil Prepayment Contracts

Court Blocks South Sudan Oil Prepayment Contracts

Africa-Press - South-Sudan. The High Court in London has upheld a court order in favor of a commodities trading company, preventing the...
New EU Deal Deepens Africa Consumer Markets

New EU Deal Deepens Africa Consumer Markets

Africa-Press - South-Sudan. The European Union is nearing the conclusion of its first enhanced economic partnership agreement with four African countries: Comoros,...
Iran War Strains African Airlines

Iran War Strains African Airlines

Africa-Press - South-Sudan. The African Airlines Association has warned that the American-Israeli war on Iran has led to rising fuel prices and...
China Turns to African Oil after Iran Ban

China Turns to African Oil after Iran Ban

Africa-Press - South-Sudan. The petrochemical company Hengli, one of the largest independent refining companies in China, has begun shifting towards purchasing oil...
East Africa Budgets Face War and Debt Pressure

East Africa Budgets Face War and Debt Pressure

Africa-Press - South-Sudan. The governments of Kenya, Uganda, and Tanzania have presented their budgets for the fiscal year 2026-2027 amid increasing economic...
Juba Traders Shut 10 Shops Due to High Taxes

Juba Traders Shut 10 Shops Due to High Taxes

Africa-Press - South-Sudan. Traders in Juba, the capital of South Sudan, have closed at least 10 shops, citing rising taxes and increasing operational costs...
South Sudan Oil Production Reaches Highest Level Since 2005

South Sudan Oil Production Reaches Highest Level Since 2005

Africa-Press - South-Sudan. South Sudan’s oil production under the Greater Pioneer Operating Company (GPOC) has reached 60,000 barrels per day, the highest level recorded...
Africa Growth Stays Resilient Amid Global Turmoil

Africa Growth Stays Resilient Amid Global Turmoil

Africa-Press - South-Sudan. African economies are expected to grow by 4.2% in 2026, a slight decrease from the 4.4% recorded in 2025,...
Africa Growth Stays Resilient Amid Global Turmoil

Africa Growth Stays Resilient Amid Global Turmoil

Africa-Press - South-Sudan. African economies are expected to grow by 4.2% in 2026, a slight decrease from the 4.4% recorded in 2025,...
India Buys Oil from West Africa

India Buys Oil from West Africa

Africa-Press - South-Sudan. India has purchased approximately 5 million barrels of crude oil from West Africa and the Middle East through a...