The World Bank has pledged to inject $600 to facilitate the construction of a regional pipeline linking oil fields in Uganda, Kenya and South Sudan. In a statement made on Monday the World Bank said that the funds would be provided by its private- lending arm, the International Finance Corporation. The fund is part of
Oil export blockage punches harder blow on Sudan’s ailing economy
South Sudan has suffered a major setback to its already ailing economy after its northern neighbor Sudan is said to have resumed blocking oil flow from its Unity state in the latest spat involving the two oil producers. The two nations had agreed to restart oil exports last month after a 15-month closure, officials said.