South Sudan Mining Journal (SSMJ)

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Pictorial: First day of the ICGLR Regional Forum

You can watch and follow the live broadcast of the ICGLR Regional Forum on Mineral Value Addition And Cross-Border Trade on our Facebook page: https://lnkd.in/dHiz6Xxn

Great insights Charles Lotara!  The establishment of a gold refinery is indeed a promising development for South Sudan. Addressing challenges like gold smuggling and implementing strong regulatory measures will be key to ensuring its long-term success. A structured mineral trading market could also be a game-changer for supporting local miners and strengthening the economy.

The Uganda-South Sudan power transmission line, an ambitious 400kV project part of the East African Power Pool, faces delays again with a new completion target set for 2028. Launched in 2015, this project could address South Sudan’s high electricity costs and distribute Uganda’s power surplus, impacting industries and households. Despite financing roadblocks, the African Development Bank, EU, and Sinohydro Corporation support Uganda’s commitment to advancing this regional energy initiative. When operational, the line could transform East Africa’s energy landscape through increased efficiency and lower costs. #SSMJ #EnergyInfrastructure #Africa #RegionalDevelopment #Uganda #SouthSudan #PowerGrid https://rb.gy/t1raur

At the recent IMF and World Bank Annual Meetings, Dr. James Garang, South Sudan’s Central Bank Governor, called for transformative changes to improve African representation in global finance. Despite comprising nearly 20% of the global population, Africa remains underrepresented in these financial institutions, resulting in limited resources and higher borrowing costs. Dr. Garang stressed the need for equitable access to financing and an overhaul of restrictive policies, which can help fund vital sectors like education and healthcare across Africa. This call for reform is about building a more inclusive, resilient financial structure that meets Africa’s needs for sustainable development and climate resilience. #SSMJ #GlobalFinance #EconomicEquity #AfricaFinance #IMFReform #SustainableGrowth https://rb.gy/hu90rr

Women in Mining Africa (WiM-Africa) is advocating for safe, equitable practices as Africa’s mining industry expands to meet global demand for critical minerals. Representing 36 countries, WiM-Africa emphasizes the importance of protecting vulnerable workers and promoting gender equity in mining communities. This month’s virtual summit highlighted issues such as child labor, pay disparity, and environmental damage, while pushing for comprehensive reforms across the continent. With 30% of the artisanal mining workforce comprised of women, their safety, fair compensation, and advancement are key to building a sustainable future for African mining. #SSMJ #WomenInMining #EquityInMining #InclusiveGrowth #AfricaMining https://rb.gy/08ja03

In a landmark step for South Sudan’s oil sector, Nile Petroleum (Nilepet) has acquired Petronas Carigali Nile Ltd's interest in Block 5A, reinforcing its national commitment to managing and benefiting from its own resources. Effective from October 1, 2024, this acquisition supports South Sudan’s Petroleum Act of 2012, allowing Nilepet to exercise its preemption rights to secure control. While legal challenges with former stakeholders persist, the Ministry of Petroleum backs this critical move, representing a strong legal foundation for Nilepet’s ambitions in the oil sector. The acquisition is a powerful statement of South Sudan’s intention to reduce dependence on foreign management and bring long-term benefits to its economy and people. https://rb.gy/0u8apf #SouthSudan #Nilepet #EnergySector #NationalResources #OilIndustry #EconomicDevelopment #Infrastructure #SustainableGrowth

In a strategic breakthrough, South Sudan will resume oil exports through Sudan, marking a crucial step in regional economic cooperation. This agreement, reached in recent high-level discussions between South Sudan's Presidential Security Advisor, Tut Gatluak, and Sudanese President Abdel Fattah al-Burhan, signals renewed stability for both nations, heavily reliant on the oil sector. This milestone comes after months of disrupted oil flow due to Sudan's internal conflict, causing major financial strain on South Sudan’s economy, which is over 90% dependent on oil revenue. By reopening the critical pipeline through Port Sudan, the agreement promises to stabilize South Sudan’s fragile economy while providing Sudan much-needed transit fees and foreign currency revenue. Beyond economic gain, this agreement symbolizes a commitment to enduring cooperation, showcasing the resilience of both nations amid regional challenges. Gatluak and Burhan highlighted the potential for further collaboration on infrastructure, trade, and security, fostering mutual growth. https://rb.gy/m457rx #SSMJ #Sudan #SouthSudan #OilAgreement #EconomicGrowth #RegionalCooperation #Africa #Energy #Infrastructure #Development #Diplomacy

South Sudan is nearing the implementation of its first official investment policy—a landmark initiative set to bring long-awaited structural and legal frameworks that aim to draw in investors, diversify the economy, and enhance stability. This policy, now in its final stages, was validated by key government officials and will soon be reviewed by the national legislative assembly. The investment policy, crafted in collaboration with Otium consultancy, incorporates feedback from stakeholders across the nation, ensuring it addresses key economic and social priorities. If successful, it could be a game-changer, positioning South Sudan as a vibrant, investment-friendly destination in East Africa. https://rb.gy/o7isv5 #SSMJ #SouthSudan #InvestmentPolicy #EconomicGrowth #BusinessOpportunities #Mining #Agriculture #Tourism #SustainableDevelopment #FDI #Growth