{"id":52997,"date":"2024-02-17T16:22:21","date_gmt":"2024-02-17T16:22:21","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/traders-in-terekeka-struggle-to-keep-businesses-afloat-amid-high-inflation"},"modified":"2024-02-17T16:54:10","modified_gmt":"2024-02-17T16:54:10","slug":"traders-in-terekeka-struggle-to-keep-businesses-afloat-amid-high-inflation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/traders-in-terekeka-struggle-to-keep-businesses-afloat-amid-high-inflation","title":{"rendered":"Traders in Terekeka struggle to keep businesses afloat amid high inflation"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>Small-scale businesses in Terekeka County of Central Equatoria State are struggling to remain afloat as the South Sudanese Pound continues to depreciate against the U.S dollar.<\/p>\n

Mary Busu Nyombe, a tea seller in Terekeka market, expressed her concerns on Thursday to The Juba Echo, stating that she is contemplating closing her shop due to the high cost of doing business. Nyombe lamented that the meager earnings she takes home every day cannot even feed her family.<\/p>\n

\u201cI have been a trader in Terekeka since 1997. For two years now, I exert efforts to gain, but the economic condition is worsening. Everything in the market is expensive, and there is no support for the business,\u201d Nyombe said.<\/p>\n

She further elaborated, \u201cI am struggling to feed my children, and paying school fees is also a problem. There are no work opportunities elsewhere. I have two kids in university, but they have dropped out due to a lack of money.\u201d<\/p>\n

Nyombe attributed her troubles to the hike in market fees imposed by local authorities in Terekeka Market. The authorities increased the license fee from 4000 SSP to the current 17000 SSP, which is unaffordable for owners of small businesses like hers.<\/p>\n

\u201cEverything is expensive in the market. You find a kilo of sugar increasing every day. If you increase the price of selling tea, you cannot get customers,\u201d Nyombe added.<\/p>\n

Nora Paya, who sells vegetables and grain flour in the market, echoed similar sentiments, stating that she is struggling to pay her suppliers on time due to the high cost of food products. She mentioned that she buys her food products from suppliers from neighboring counties and states.<\/p>\n

\u201cAs women, we have many problems. We need to take our children to school, but there is no money. We are trying, but business is not rewarding. We want our businesses to be supported with soft loans,\u201d Paya expressed.<\/p>\n

\u201cI am in business to help myself and my children, but all in vain. This year is very bad. Sometimes you walk home empty-handed. The situation is deteriorating, and it is difficult to pay school fees for children,\u201d she disclosed.<\/p>\n

Muzamil Atijani, the Chairperson for the Chamber of Commerce in Terekaka County, highlighted the importance of the newly paved road linking Terekeka to Juba in easing the burden for traders and travelers heading to Terekeka County.<\/p>\n

\u201cBefore this road was constructed, people did not know Terekeka, and now people, particularly business people, are visiting the area. The journey from Terekeka to Juba used to take 6 hours, but now it is only 45 minutes,\u201d Atijani noted.<\/p>\n

He attributed the high cost of doing business to inflation caused by the depreciation of the SSP against the dollar.<\/p>\n

Robert Pitia, the Chairperson for Central Equatoria State Chamber of Commerce, addressed the challenges facing business people in Terekeka, emphasizing issues of taxes and the lack of micro-financing for businesses.<\/p>\n

\u201cWe want to work with concerned institutions to assist people in doing business,\u201d Pitia said, urging authorities in Terekeka County and the Central Equatoria State government to reduce the tax burden on small businesses to ensure their growth and sustainability.<\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. Small-scale businesses in Terekeka County of Central Equatoria State are struggling to remain afloat as the South Sudanese Pound continues to depreciate against the U.S dollar. Mary Busu Nyombe, a tea seller in Terekeka market, expressed her concerns on Thursday to The Juba Echo, stating that she is contemplating closing her shop […]<\/p>\n","protected":false},"author":84,"featured_media":52996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,233],"class_list":["post-52997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"\nTraders in Terekeka struggle to keep businesses afloat amid high inflation - South Sudan<\/title>\n<meta name=\"description\" content=\"Small-scale businesses in Terekeka County of Central Equatoria State are struggling to remain afloat as the South Sudane ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/traders-in-terekeka-struggle-to-keep-businesses-afloat-amid-high-inflation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Traders in Terekeka struggle to keep businesses afloat amid high inflation\" \/>\n<meta property=\"og:description\" content=\"Small-scale businesses in Terekeka County of Central Equatoria State are struggling to remain afloat as the South Sudane ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/traders-in-terekeka-struggle-to-keep-businesses-afloat-amid-high-inflation\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-17T16:22:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-17T16:54:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/02\/sm_1708176059.975836.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"577\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/traders-in-terekeka-struggle-to-keep-businesses-afloat-amid-high-inflation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/traders-in-terekeka-struggle-to-keep-businesses-afloat-amid-high-inflation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Traders in Terekeka struggle to keep businesses afloat amid high inflation\",\"datePublished\":\"2024-02-17T16:22:21+00:00\",\"dateModified\":\"2024-02-17T16:54:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/traders-in-terekeka-struggle-to-keep-businesses-afloat-amid-high-inflation\"},\"wordCount\":539,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/traders-in-terekeka-struggle-to-keep-businesses-afloat-amid-high-inflation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/02\/sm_1708176059.975836.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/traders-in-terekeka-struggle-to-keep-businesses-afloat-amid-high-inflation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/traders-in-terekeka-struggle-to-keep-businesses-afloat-amid-high-inflation\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/traders-in-terekeka-struggle-to-keep-businesses-afloat-amid-high-inflation\",\"name\":\"Traders in Terekeka struggle to keep businesses afloat amid high inflation - 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