Kenya is negotiating a loan for Sh6.077 billion humanitarian and economic aid to struggling South Sudan.

On August 16, the neighbour to the north sent a delegation to Nairobi to ask Kenya for $60 million to buy food, provide basic services and help revive its faltering economy.

Yep, we will be giving them 6B in aid. I hope we will insist that they put in place proper governance structures and strengthen their anti-corruption body before we can release these funds to them. We must also insist they reduce their budget deficit. And remind them that choices have consequencies. Feels real good to be a donor like the US, UK. Kumbe we are doing this well. I feel very proud to be Kenyan and I should start hanging the Kenyan flag on my compound like the Americans do with their flag.

http://www.the-star.co.k...th-sudan-sh6bn_c1421741

South Sudan’s foreign currency reserves all stolen but the government is making jokes about it

The news, though unsurprising, seems to shock everyone, understandably so, given this will lead to numerous economic challenges that will most likely affect the ordinary population, as they have already been battered by the civil war that started in 2013, and by corruption, the immediate consequences of which include the absence of goods and services. This news was not surprising because the way the bank had been run since it was established in 2005 had always left much to be desired in terms of its ability to be a trusted custodian of the peoples’ resources. There were too many malpractices that were born of incompetence, malfeasance and partly due to the huge revenues from oil giving many people the impression that these were limitless, a resource curse perhaps.