President Kiir, Museveni Strengthen Bilateral Ties, Pledge Regional Stability

-
Image
President Kiir, President Museveni and VP. Bol Mel.  ‎South Sudan’s President Salva Kiir Mayardit and Uganda’s President Yoweri Kaguta Museveni have reaffirmed their commitment to strengthening bilateral relations and promoting regional peace and security. ‎ ‎During their meeting in Juba, the two leaders discussed pressing political and security issues affecting both nations and the broader East African region.  ‎ ‎The discussions covered a range of topics, including South Sudan’s upcoming elections, ongoing peace efforts, and the need for deeper economic collaboration between the two neighboring countries. ‎ ‎Focus on Political and Security Stability ‎South Sudan’s Foreign Minister Ramadan Mohammed Abdallah Goc stated that the meeting aimed to enhance cooperation in multiple sectors while addressing the political developments currently unfolding in the country.  ‎ ‎With South Sudan preparing for its first post-independence elections, Uganda’s continued support is seen as...
Post a Comment

Government finalized USD 3 billion with Caltech Investment, to invest in South Sudan oil sector

-
File: President Salva Kiir Mayardit and Caltech Investment Overseer Mr. Mohamed Malik. 


Top Trending News Today: 





The government has finalized a 3 billion US dollar deal with an American Oil company, Caltech Investment, to invest in the oil sector in South Sudan. 


The American- based company will partner with the government to purchase and take over the shares of the Malaysian State-own company, PETRONAS, which is now withdrawing from South Sudan's oil sector.


Unity State given seven days ultimatum to come for questioning: Unity State Finance Minister given seven days ultimatum to comply and come for questioning or face action, Unity State Parliament declared.


The leadership of the American Oil Company led by its Chief Overseer Mohammed Malik met with President Kiir in New York on Friday, marking the official entrance of the American company into the South Sudan's Oil sector.


The Minister of Finance and Planning Dr. Barnaba Bak Chol says the 3 billion US dollar agreement will give an opportunity for South Sudan to grow its oil sector.


Kiir, met with jububin in America and asked them to be good ambassadors: President Kiir met with the South Sudanese in diaspora and urged them to be patriotic and good ambassadors


Mr. Bak said 1.2 billion US dollars will be invested in the oil sector, while the rest will go for other vital infrastructure such as roads.


The Chief Overseer of Caltech Investment Mohamed Malik says the acquisition fits appropriately with the company's strategy of expanding and focusing on the delivery of 'Projects that Matter' in South Sudan and the sub Saharan region.


Kiir, pleads with the UN to lift the arms embargo in South Sudan: President Salva Kiir Mayardiit held bilateral meetings with African leaders at UNGA, New York, United States of America


The Company will partner with the government to buy the Malaysian state-owned company's entire oil and gas asset portfolio in South Sudan for a total cash consideration of up to 1.25 billion US dollars. 


The Chief Overseer of Caltech Investment Mohammed Malik said they are ready to move into South Sudan to begin formal procedures for the takeover .


The company will in the next two months deliver eight hundred million US dollars to South Sudan to kick-start the project.


Caltech Investment, is a world-renowned science and engineering Institute that marshals some of the world's brightest minds and most innovative tools to address fundamental scientific questions and pressing societal challenges.


The market valuation of Caltech Investment totals the endowment Investment portfolio increased to 4.1 billion as close of the fiscal year 2021. 

Comments

Post a Comment

Popular posts from this blog

South Sudan National Security Officer Dies by Suicide in Magwi County, Eastern Equatoria State ‎

-
Image
NSS uniform.  ‎A 33-year-old officer of South Sudan’s National Security Service died by suicide over the weekend in Magwi County, Eastern Equatoria State. ‎ ‎Magwi County Crime Officer, Kochi Richard Joseph, confirmed the incident, stating that it occurred around 7:30 PM. He noted that no one has been linked to the officer’s death at this time. ‎The deceased, identified as Ohure from the Lotuko community in Imurok, reportedly shot himself. His body was taken to the hospital and later returned for burial. Authorities are still gathering information, but initial assessments suggest that stress played a significant role in the tragedy. ‎ ‎Crime Officer Kochi emphasized the importance of open communication to reduce cases of suicide in the community. He urged individuals facing difficulties to speak out and seek help rather than suffering in silence. ‎ ‎“Suicide is not a criminal act but a personal decision often driven by overwhelming stress,” he stated. “If you have problems, share t...
Read more

Tensions Rise as SPLA-IO Officers Defect to Government Forces

-
Image
  IO defectors and NSS Spokesperson.  ‎South Sudan’s political and military landscape is experiencing renewed tensions after the defection of 463 SPLA-IO personnel to the South Sudan People’s Defense Forces (SSPDF). The National Security Service (NSS) announced the move, stating that reintegrating the defectors into the government army is essential for stability and peace. ‎ ‎David John Kumuri, NSS spokesman, emphasized the importance of this process, saying, ‎"This reintegration is key to reducing violence and ensuring security across the country." ‎ ‎This marks the third mass defection of SPLA-IO members in recent weeks, following clashes in Nasir, Upper Nile State, last month. The opposition’s spokesperson, Col Lam Paul Gabriel, was unavailable for comment. ‎ ‎Political Uncertainty Deepens ‎The defections come amid heightened political tensions, including the recent house arrest of First Vice President Riek Machar, leader of the SPLM/A-IO. His confinement has sparked inter...
Read more

Raila Odinga Blocked from Meeting FVP Dr. Riek Machar as South Sudan Crisis Deepens, FVP Under House Arrest Amid Probe into General’s Killing ‎

-
Image
Raila Odinga and President Kiir.  ‎Kenya’s former Prime Minister Raila Odinga’s attempt to meet with South Sudan’s First Vice President Riek Machar in Juba has failed after President Salva Kiir declined the request. Machar remains under house arrest amid an ongoing investigation into the killing of a top general, a move that has further inflamed tensions in the country. ‎Odinga, who was on a mediation mission to de-escalate rising political tensions in South Sudan, met with President Kiir on Friday. However, sources close to the discussions confirmed that Kiir refused to allow Odinga access to Machar, who has been confined to his residence under heavy security. ‎Machar Under Investigation ‎The First Vice President’s house arrest follows deadly clashes in Nasir, Upper Nile State, which resulted in the killing of a high ranking military officer and at least ten others. The government alleges that forces loyal to Machar were involved in the violence, prompting an official probe into h...
Read more