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Economic Cluster Approves N62 Billion for Farming

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Economic Cluster Approves N62 Billion for Farming

South Sudan’s Economic Boost

The Economic Cluster, led by Vice President Dr. Benjamin Bol Mel, has taken significant steps to stimulate economic development in the country. In a recent meeting, the cluster approved a substantial budget of SSP 62 billion to support farming activities ahead of the upcoming rainy season.

Revitalizing Farming Systems

The cluster has set an ambitious 100-day target to actualize plans focused on revitalizing farming systems, increasing domestic food production, and securing long-term agricultural sustainability. This move is expected to have a positive impact on the country’s economy and food security. With agriculture and food security at the core of the agenda, all state governors and chief administrators have been directed to allocate 250,000 hectares of land each for agricultural use.

Empowering Local Communities

This initiative will not only expand cultivation but also empower local communities and maximize the country’s vast agricultural potential. According to a statement from the Vice President’s office, "This move will expand cultivation, empower local communities, and maximize the country’s vast agricultural potential." The cluster believes that by working together, they can unlock the country’s full agricultural potential and bring about real change for the people of South Sudan.

National Agricultural Conference

To further advance these goals, the cluster has tasked Deputy Minister of Agriculture and Food Security, Lily Albino Akol, with forming a special committee to prepare for a National Agricultural Conference. This conference will bring together stakeholders to unlock investments and foster innovative solutions aimed at transforming the agricultural sector. The conference will provide a platform for experts to share their knowledge and ideas on how to improve the country’s agricultural sector.

Government Support

The Government has pledged continued support for farmers, provision of critical resources, and the creation of a conducive environment for sustainable agricultural development. This support is expected to spur economic growth, create employment opportunities, and ensure that every South Sudanese has access to sufficient and easily accessible food. The government is committed to working with farmers and other stakeholders to achieve these goals.

Conclusion

In conclusion, the Economic Cluster’s approval of SSP 62 billion to support farming activities is a significant step towards stimulating economic development in South Sudan. The cluster’s 100-day target to actualize plans focused on revitalizing farming systems, increasing domestic food production, and securing long-term agricultural sustainability is ambitious, but achievable. With the government’s support and the collective efforts of all stakeholders, South Sudan can unlock its full agricultural potential and bring about real and lasting change for its people. The country is on the right path towards achieving economic growth, food security, and prosperity for all its citizens.

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Finance

Fish Traders Protest High Taxes

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Fish Traders Protest High Taxes

Fish Traders in Jonglei State Face High Taxes and Challenges

The fish traders in Jonglei State’s capital, Bor, are facing numerous challenges due to the high taxes imposed on them by the local government. These taxes are affecting their ability to grow their businesses and succeed as entrepreneurs.

The Impact of High Taxes

According to the traders, the taxes are having a detrimental impact on their ability to make a profit. One young business entrepreneur, Michael Kung Atem, expressed his concerns about the high taxes. "Last time that I came here, the government could take 50% of what I do. When the government is taking something from what I do, they need to provide some service for me so that it should protect my fish and where I stay," he stressed.

The Benefits of Selling Fish

Despite the challenges, selling fish has been beneficial for many traders. Kulang, a fish trader, said that selling fish helps him to sustain his family by paying tuition fees for himself and the children and also medication for the family in times of sickness. He also revealed that profits vary with the type and size of fish that customers want from the market.

Challenges Faced by Fish Traders

The fish traders in Bor face numerous challenges, including the lack of proper storage facilities for their fish stock, excessive taxes, and high transportation costs. Martha Majok, a trader from Juba, complained about the inaccessibility of roads that turn slippery during the rainy season. She also expressed the need for a spacious storage area for fish, citing the absence of suitable facilities and shelter.

High Transportation Costs

Jacob Mabor, a seasoned wholesale buyer, said that too many taxes and the high cost of transportation are affecting their business. "If the price of fuel is very high, everything will go up. So if you buy the fish and sell it, the money that you earn will be at a loss," Mabor disclosed.

The Need for Government Support

The fish traders are calling on the government to provide them with conducive market platforms for them to connect with their buyers at better prices. Marko Majur, the acting chairperson of the Jonglei Fishing Trader’s Union, said that the government should support the fish traders by providing them with better infrastructure and reducing the taxes imposed on them.

The Fishing Industry in Jonglei State

The fishing industry in Jonglei State is a significant contributor to the local economy. The state is home to a large and diverse freshwater ecosystem, with a wide range of fish species. The completion of the new asphalt Juba-Bor Highway has eased transportation and ushered in new opportunities, particularly in the form of the now flourishing fish business.

Conclusion

In conclusion, the fish traders in Jonglei State’s capital, Bor, are facing numerous challenges due to the high taxes imposed on them by the local government. Despite these challenges, selling fish has been beneficial for many traders, providing them with a source of income and employment opportunities. The government should support the fish traders by providing them with better infrastructure and reducing the taxes imposed on them. By doing so, the fish traders can grow their businesses and contribute to the local economy.

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Finance

17 South Sudanese Youth Head to UAE for Employment Opportunities

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17 South Sudanese Youth Head to UAE for Employment Opportunities

Introduction to a New Opportunity

At least 17 young South Sudanese workers are set to travel to Dubai and Abu Dhabi in the United Arab Emirates (UAE) to work, marking the country’s first ever initiative to send labor force overseas. The men, aged between 20 and 25 years, will be employed by companies as bike riders and cable pullers.

The Initiative

According to Ramsey Sagamu, the General Manager of Gaani Study Abroad, a company that helps South Sudanese seeking education and job opportunities overseas, the initiative is a result of agreements signed with overseas companies to mobilize a workforce from the country. Sagamu said that 11 of the men were cleared for the first flights on 15th and 16th April as bike riders, while the six others are still processing their documents as cable pullers to Abu Dhabi.

The Workers’ Dreams

One of the laborers, 23-year-old Chikom Moses Mayom from Warrap State, said his aim was to seek study opportunities abroad. After learning of some work opportunities, Mayom said he picked an interest in it to raise fees to attend university. "As I was looking for everything that is required to meet the requirement to study abroad, that is in Turkey, I got the opportunity of going to the Middle East to go and work, whereby I will be able to work and study at the same time," he said.

A Chance to Try New Things

Cirilo Majur Akech, 20, is a second-year student at the School of Arts and Humanity at the University of Juba. He said he welcomed the opportunity, saying it would give him the opportunity to try new things. Majur said he’s not only going to work but also study in a better environment to change the narrative at home. "I welcome this opportunity with great pleasure and honor, and really a great time for us to try a new thing. We have been trying to get the opportunity. As you can see, a lot of people are trying their way to better living, daily meals and all that," he said.

Pre-Travel Orientation

The candidates were brought together ahead of their flight for the pre-travel orientation held in Juba on Friday. Speaking during the orientation, the Director for Labor and Industrial Relations in the Ministry of Labor, Justine Jada Joseph, cautioned the candidates against misbehavior in the oil-rich Gulf kingdom. Mr. Jada encouraged the young men to bring a good reputation to the country as this would open more chances for others who would choose to come after them.

A Warning and a Word of Encouragement

Mr. Jada warned the candidates that misbehavior could block opportunities for others. "Make sure you are there to bring very good credibility first to your families, second and most importantly, to the country, and if you mess it up, then there is no other second batch coming, because they have seen what has gone wrong there and even those countries where you are going to will also communicate to others that don’t have a give a chance to South Sudanese because they will mess it up," he said.

Conclusion

The initiative to send young South Sudanese workers to the UAE is a significant step towards providing opportunities for the country’s youth. The workers are eager to start their new journey and make a positive impact. With the right mindset and behavior, they can pave the way for others to follow in their footsteps and create a brighter future for themselves and their country.

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Finance

Withstanding Wild Market Swings Fund

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Withstanding Wild Market Swings Fund

Introduction to a Unique Investment Option

The current market conditions are unpredictable and volatile, making it challenging for investors to navigate. Katie Stockton, the founder of Fairlead Strategies, believes she has found a solution to help investors mitigate losses during these wild market swings.

What is the Fairlead Tactical Sector ETF?

The Fairlead Tactical Sector ETF (TACK) is designed to be agile in times of market stress. Unlike traditional ETFs, it is not tied to a specific index. Instead, it uses multiple strategies to help investors leverage the upside while minimizing drawdowns. This approach allows the ETF to rotate between different sectors, reducing the risk of significant losses.

How Does the Fairlead Tactical Sector ETF Work?

The ETF rotates monthly between all 11 S&P 500 sectors. This means that it constantly assesses the market conditions and adjusts its holdings to optimize returns. As of April 16, the fund’s top sector holdings included consumer staples, utilities, and real estate. By diversifying its holdings across different sectors, the ETF aims to reduce its exposure to any one particular sector, thereby minimizing potential losses.

Performance of the Fairlead Tactical Sector ETF

Since President Donald Trump announced his "reciprocal" tariffs on April 2, the Fairlead Tactical Sector ETF has fallen just over 4%, while the S&P 500 has lost 6.9%. This demonstrates the ETF’s ability to navigate challenging market conditions and outperform the broader market. As of Thursday’s close, the Fairlead Tactical Sector ETF is down 4% so far this year, which is a relatively modest decline compared to other ETFs.

Comparison to Other ETFs

In contrast, ETFs that are centered around specific sectors or strategies are largely under pressure. For example, the Invesco Top QQQ Trust (QBIG), which tracks the top 45% of companies in the Nasdaq-100 index, is down 22% in 2025. The GraniteShares YieldBoost TSLA ETF (TSYY) is off 48% since the beginning of the year. This highlights the benefits of the Fairlead Tactical Sector ETF’s diversified approach.

Expert Opinion

BTIG’s Troy Donohue, the firm’s head of Americas portfolio trading, believes that the Fairlead Tactical Sector ETF employs a sound strategy, particularly during the recent "dramatic pullback." He praises the ETF’s ability to be nimble during these market times, saying, "TACK is a great example of how you can be nimble during these market times. It’s great to see it in an ETF product that has performed really well during this recent drawdown."

Conclusion

The Fairlead Tactical Sector ETF offers a unique approach to investing, one that prioritizes agility and diversification. By rotating between different sectors and using multiple strategies, the ETF is well-equipped to navigate volatile market conditions. As the market continues to evolve, the Fairlead Tactical Sector ETF is an option worth considering for investors looking to minimize losses and maximize returns. With its impressive performance and expert endorsements, this ETF is definitely worth exploring further.

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