South SudanKiir signs oil deals with shady entities in effort to turn economy round

Published 17 April 2017

The South Sudanese government is signing deals with shady wheeler dealers, some of whom may be out to take advantage of Juba’s financial crisis. In less than four months, President Salva Kiir, who is presiding over a cash-strapped economy ravaged by a conflict that is teetering towards genocide, has received offers from agents of established companies, organizations and non-descript financing groups, all dangling deals worth billions of dollars that critics warn will mortgage the country and its resources for generations. Critics in Juba worry that Kiir’s urgent need for cash may push him into the hands of con-men, and that even legitimate companies could take advantage to secure sweet deals for themselves while leaving the country with peanuts.

Source: http://www.theeastafrican.co.ke/business/Kiir-in-suspicious-oil-deals-to…