South Sudan's President Kiir cancels $650 million 'Sovereign Grantee' deal

South Sudan's President Salva Kiir.

South Sudan's President Salva Kiir. He authorised the cancellation of a Sovereign Guarantee transaction worth $650 million. PHOTO | FILE | NMG

Juba,

South Sudan's President Salva Kiir Mayardit over the weekend asked his Finance and Economic Planning Minister Athian Diing to cancel a Sovereign Guarantee transaction worth $650 million.