De-Dollarization in Africa: South Sudan to Drop US Dollar for Local Currency

De-Dollarization in Africa: South Sudan to Drop US Dollar for Local Currency

Back in 2010, the South Sudanese Government was warned by students who majored in economics that using the US dollar for local transactions would pose an economic risk to the country, and they were right.  The Sudan Tribune report described the students concerns about the government’s dollarization of South Sudan’s economy, “Southern Sudanese students studying…

After Somalia, South Sudan and Sudan, the Chaos Is Spreading to Ethiopia and Soon to Eritrea

After Somalia, South Sudan and Sudan, the Chaos Is Spreading to Ethiopia and Soon to Eritrea

The Ethiopian National Electoral Commission has postponed the September 2020 parliamentary elections because of the Covid epidemic. The TPLF (the main Tigrayan political party) has nevertheless decided to hold the elections in its region of Tigray, thus clearly seceding from the rest of the country. The federal government obviously did not recognise these elections. The…

The LAPSSET Corridor Is China’s Latest Silk Road in East Africa

The LAPSSET Corridor Is China’s Latest Silk Road in East Africa

IGAD’s Chinese-backed infrastructure projects will eventually create a regional version of Beijing’s vision for a Community of Common Destiny, one of the central philosophical tenets behind BRI. The Lamu Port-South Sudan-Ethiopian (LAPSSET) Transport Corridor in the northeastern Kenyan port of the same name received its first ships last Thursday. The project hasn’t yet been fully…

The Peace Deal Proves That South Sudan Is a Failed Concept

The Peace Deal Proves That South Sudan Is a Failed Concept

The reported details of the forthcoming peace deal that’s expected to be signed shortly prove that the very concept of an independent South Sudan has failed. South Sudan defied all expectations and surprised the world by agreeing to a peace deal for its five-year-long civil war during international talks in the neighboring Sudanese capital of…