February 21, 2014

Gov’t Advises Traders On Sh123B South Sudan Payments

SudanGovernment advises all traders seeking payment from the South Sudan Government to remain patient until the current political disagreements in that country are handled.

Recently a cross section of Ugandan traders issued a 16 day ultimatum to the Government of South Sudan demanding for US$ 49.9 million (UGX 123 billion. The group consisting of 9 local companies and individuals claims that the money accrued from hundreds of tons of grain supplied to the South Sudan government.

They threatened to suspend exporting to Sudan of the payment is not cleared.

James Mutende, the State minister for Trade says that the verification of the claims made by the traders was disrupted by the current political instability and that once calm has returns, the Ugandan Government will take up the matter. He however says the trade ministry does not have any official ultimatum issued.

Meanwhile, Government says it is facilitating better trade between Uganda & South Sudan by putting in place infrastructure including boarder markets.

In the 8th parliament, UGX 1 billion was appropriated to build an inland market in Juba but the project has never taken off. Mutende says that they are still carrying out feasibility studies alongside the otrher interventions made.

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