President Kiir, Museveni Strengthen Bilateral Ties, Pledge Regional Stability

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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...
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President Salva Kiir Mayardiit, urged the heads of the financial institutions to improve the economy.

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File: President Salva Kiir Mayardit, addressing heads of financial institutions in South Sudan. 


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President Salva Kiir Mayardit, today urged the newly appointed government officials to work together inorder to improve the economy and livelihood of the people of South Sudan. 


President Kiir made the remarks while addressing the newly appointed Governor of the Bank of South Sudan. 


Read about: The RTNLA MPs, demanded to be allocated private plots of land by the 'CES' Central Equatoria State government


President Kiir, was also addressing the newly appointed Governor of the bank of South Sudan Dr. James Alic Garang, second deputy governor, Nyiel Gordon Kuol and Chairperson of Civil Service Commission Dr. Julia Aker Duany. 


The Minister of Presidential Affairs Dr. Barnaba Marial Benjamin described the appointment of the new officials as strategic as the government works out a plan to address the economic challenges facing the nation.


Also read about: President Kiir, jets back to Juba after a three days official State visit to Moscow, Russia.


South Sudan, Minister of Finance and Planning, Dr. Barnaba Bak Chol pledged to work with the new officials in an effort to transform the country's economy.


The Bank's Governor Dr. James Alic Garang said the new team at the economic institutions would work together to deliver on their mandate.


Also read about: TNLA Parliament sitting abruptly adjourned today on Wednesday without any reasons


The economy of South Sudan depends to a large degree on the oil sector. It accounts for more than half of gross domestic product ( GDP ), 95 per cent of exports, and about 90 per cent of government revenue.


According to African Development Bank Group, in the year 2021/2022, South Sudan real GDP was estimated to be 2.9%. 


Also read about: BREAKING NEWS: President Kiir appointed, Angelina Jany Teny as the new Minister of Interior.


However, after contracting 4.9% in 2020/21, driven by the oil sector. Oil production declined to 156,000 barrels a day in 2021/22 from 169,000 in 2020/21 after several oilfields were damaged by floods.

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