Hope for South Sudan as fund offers President Kiir $105b budget support
South Sudanese traders sell vegetables in an empty stocked market in Akuem, outside Aweil, on October 12, 2016. PHOTO | AFP
South Sudan President Salva Kiir has received an offer of €100 billion ($105 billion) for budget and project support from a Luxembourg-based investment fund, three years after donors turned off the aid taps following the outbreak of war in the world’s youngest nation.
According to documents seen by The EastAfrican, this funding package, which could change South Sudan, from a failed state to a healing, politically viable and economically promising unit, was arranged at a meeting in Kampala on October 10, 2016, “between well-wishers for the peace and stability of South Sudan” and the Uganda agent of Suiss Finance Luxembourg AG.
