South Sudan: Hope for South Sudan as Fund Offers President Kiir U.S.$105 Billion Budget Support

South Sudan President Salva Kiir has received an offer of €100 billion ($105 billion) for budget and project support from a Luxembourg-based investment fund, three years after donors turned off the aid taps following the outbreak of war in the world's youngest nation.

According to documents seen by The EastAfrican, this funding package, which could change South Sudan, from a failed state to a healing, politically viable and economically promising unit, was arranged at a meeting in Kampala on October 10, 2016, "between well-wishers for the peace and stability of South Sudan" and the Uganda agent of Suiss Finance Luxembourg AG.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.