Juba government to revive economy in the face of weak currency, low oil prices

The incoming South Sudan Transitional Government of National Unity will face a major challenge of reviving the economy as a prerequisite for sustaining the peace process.

Currently, local production is non-existent; the oil sector, which provides 98 per cent of the government’s income, has been hit by a drop in global prices and the civil war; commodity prices have shot through the roof due to the devaluation of the Sudanese pound and the transport sector is suffering from a scarcity of fuel due to hoarding and corruption.