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<p>Explore South Sudan&#8217;s rich oil resources as it aims to become Africa&#8217;s leading oil export hub. Witness the unveiling of Nile Petroleum Corporation&#8217;s latest building, marking a significant milestone in the nation&#8217;s development.</p>


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South Sudan Rising to Be Africa’s Petroleum Hub

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<p>Explore South Sudan&#8217;s rich oil resources as it aims to become Africa&#8217;s leading oil export hub. Witness the unveiling of Nile Petroleum Corporation&#8217;s latest building, marking a significant milestone in the nation&#8217;s development.</p>


Focus On: South Sudan’s Oil Sector: A Promising Future Ahead

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<p>As per the latest peace agreement in South Sudan, President Salva Kiir reconstituted a new parliament last week. The new legislature comes into power at a time when the country is grappling with record high unemployment numbers and other economic impediments. Economic Affairs Analyst, Akol Dok joins CNBC Africa for more.</p>


Economic challenges await South Sudan’s new government

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<p>Yesterday, officials confirmed that the President of South Sudan, Salva Kiir, and opposition leader Riek Machar have agreed to form a transitional government by the 12th of November. The country plunged into an internal conflict that left hundreds of thousands dead and even more displaced, back in 2013 after Kiir removed Machar as Vice President, now the agreement between the two leaders is generally being met with optimism. On what this new government could mean for the country&#8217;s economy, Business Analyst, Akol Dok joins CNBC Africa for more.</p>


Cautious optimism over South Sudan’s transitional gov’t agreement

<p>JUBA (Reuters) &#8211; South Sudan’s government proposed a bill to extend President Salva Kiir’s term for three years, undermining peace talks with opposition forces who condemned the move as illegal.</p>
<p>The bill seeks to amend the constitution to extend Kiir’s tenure to 2021, lawmakers told Reuters on Tuesday.</p>
<p>Deputy Paul Yoane Bonju said the bill was presented on Monday to parliament and that lawmakers intended to vote it into law this month.</p>
<p>The world’s youngest nation, which gained independence from Sudan in 2011, erupted into violence in late 2013 over a political disagreement between Kiir and his former vice president Riek Machar.</p>
<p>Tens of thousands of people have been killed since, and more than three million forced to flee their homes.</p>
<p>Kiir and Machar met last week and agreed on a new peace deal that included a ceasefire that took effect on Saturday. [L8N1TT39A]</p>
<p>It was violated on that day when government forces and rebels launched attacks on each other’s positions. [L8N1TW0I4] On Monday, there was more fighting and at least 18 civilians were killed.</p>
<p>On Tuesday, a spokesman for Machar’s rebel group SPLM-IO said the government was proposing an “illegal procedure” in attempting to extend Kiir’s term.</p>
<p>Reporting by Denis Dumo; Writing by Maggie Fick; editing by John Stonestreet</p>


Why South Sudan’s proposed bill to extend President Kiir’s term undermines peace talks

<p class="first-p_2htdt">South Sudan’s President Salva Kiir has fired his finance minister and a senior military official on a U.N. blacklist, a presidential decree said.</p>
<div id="attachment_129412" style="width: 336px" class="wp-caption alignleft"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-129412" class="wp-image-129412 size-full" src="http://cnbc.africa/wp-content/uploads/2017/06/South_Sudan-Wikimedia.png" alt="" width="326" height="350" /><p id="caption-attachment-129412" class="wp-caption-text">Photo: Wikimedia.</p></div>
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<p class="">The decree, read on state radio late on Monday, gave no reason for the decision to replace Finance Minister Stephen Dhieu Dau with Salvatore Garang Mabiordit, who is from Kiir’s northern home area of Warrap. Dau is from Upper Nile.</p>
<p class="">Lieutenant General Marial Chanuang Yol Mangok, was dismissed from his post as assistant chief of the defence forces, also without explanation.</p>
<p class="">Mangok, who once was the head of Kiir’s presidential guard, is among six rival generals that the U.N. Security Council blacklisted for“fuelling the ongoing conflict and contributing to the devastating humanitarian crisis” in South Sudan in 2015.</p>
<p class="">South Sudan slid into civil war in December 2013 when a political crisis triggered fighting between forces loyal to Kiir and rebels allied with his former deputy Riek Machar.</p>
<p class="">Thousands have been killed and millions displaced in the conflict that has often been along ethnic lines. Several ceasefires have been agreed, then broken.</p>
<p class="">The conflict has also hurt the economy, with crude oil output at less than half of its pre-war level of 245,000 barrels per day.</p>
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<p class="content_27_rw">Reporting by Denis Dumo; Editing by George Obulutsa and Andrew Heavens</p>
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Salva Kiir

South Sudan Rising to Be Africa’s Petroleum Hub

Focus On: South Sudan’s Oil Sector: A Promising Future Ahead

Economic challenges await South Sudan’s new government

Cautious optimism over South Sudan’s transitional gov’t agreement

Why South Sudan’s proposed bill to extend President Kiir’s term undermines peace talks

South Sudan president fires finance minister and blacklisted general

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Salva Kiir

South Sudan Rising to Be Africa’s Petroleum Hub

Focus On: South Sudan’s Oil Sector: A Promising Future Ahead

Economic challenges await South Sudan’s new government

Cautious optimism over South Sudan’s transitional gov’t agreement

Why South Sudan’s proposed bill to extend President Kiir’s term undermines peace talks

South Sudan president fires finance minister and blacklisted general

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