Weekly Media Economic Digest 11th - 17th March 2016

published 17 Mar 2016

National Bureau of Statistics reports record high inflation; Market prices increase two-fold; Dollar with its devastating fallout on our economy; EAC: Juba to benefit from stable currency; Currency devaluation, salary increment & dollar auctioning, all contradictory; Tough times as prices of goods soar; The mirage of catching the Black market; Companies hoarding fuel in Yei warned; Our Jobs Will Not Be Taken Over By Foreigners, Igga Assures; Gum Arabic: A valuable but neglected resource; Eye Media launches weekly newspaper; South Sudan to cut embassy staff due to cash crunch; Unemployment rates increase as economy deteriorates; JICA and Finance Ministry sign technical agreement; S. Sudan Joins EAC for Economic Survival, Igga.; Sudan Threatens to Close Border with South Sudan Again; S Sudan parliament summons Central Bank governor and finance minister over economic woes; Economists say Sudan’s border trade slow to restart due to southern instability; South Sudan’s Kiir to sign to join EAC next week as Igga defends decision; Admitting South Sudan to EAC was Premature; Juba should be ready to make East Africans feel at home; EALA MPs laud S. Sudan EAC membership; Koryom, Athorbei fail to front MPs over economic crisis; S Sudan parliament sitting on economic crisis delayed by fuel shortage; Army salaries restructured, to be paid today; Parliament Denies Receiving Salary Increment Proposal; Foreign Affairs Minister Applauds UNITAR, Japan Government for Capacity Building; Parliament to debate on economic crisis; IMF tricks South Sudan on economic reforms; MPs reject formation of Committee; “Gov’t needs taxes”, Yei Governor; “Gov’t needs taxes”, Yei Governor; South Sudan’s controversial admission to the EAC; Government seeks SSP 2.16M supplementary budget - The money is to cater for salary restructuring of Government workers; 

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