How South Sudan plans to boost economic growth after COVID-19

South Sudan, a country rich in resources but struggling with economic growth, is exploring new strategies to boost revenue and trade post-COVID-19. In a recent interview on CNBC Africa, Hon. Andrea Aguer Ariik Malueth, Undersecretary at the Ministry of East Africa Community Affairs, highlighted the challenges and opportunities facing the nation. The country's exports are projected to trend around 4,917.08 South Sudanese pounds in 2022 and 4,504.18 million South Sudanese pounds in 2023. These numbers reflect the potential for growth, but also underscore the need for strategic interventions to support the economy. The government has introduced new measures to increase revenue, such as requiring vehicles entering the country to pay a $100 annual fee and an additional $30 for each entry and exit. While these initiatives aim to generate revenue, they have faced criticism from neighboring countries like Kenya. The impact of the COVID-19 pandemic and other challenges, including locust invasions, have posed significant hurdles for South Sudan's trade sector. During the pandemic, industries, schools, and social gatherings were shut down, disrupting normal economic activities. As the country reopens and recovers, there is a renewed focus on revitalizing trade and attracting investments. The oil sector, which accounts for 70% of South Sudan's GDP, has been crucial in driving the economy. However, fluctuating oil prices have posed challenges for sustainable growth. To diversify the economy, the government is now looking towards untapped resources like agriculture. South Sudan possesses vast agricultural potential, with fertile land, adequate rainfall, and various natural resources. Yet, the sector remains underdeveloped due to limited infrastructure and lack of investment. President Salva Kiir has directed the government to prioritize agriculture by allocating resources and equipment to local governments. This initiative aims to empower local communities, improve agricultural practices, and drive economic growth. By investing in agriculture, South Sudan hopes to unlock new opportunities, create jobs, and reduce dependence on oil revenue. The government is also working to provide incentives for individuals and businesses to invest in agriculture, including tax breaks and training programs. With the right policies and investments, the agriculture sector could become a key driver of economic development in South Sudan. As the country navigates post-COVID-19 recovery, strengthening trade and promoting agriculture will be critical for sustainable economic growth. By leveraging its resources and implementing strategic initiatives, South Sudan can overcome challenges and emerge as a thriving economy in the region.