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Posted by
admin 313 days ago
(http://www.economist.com)
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AFRICANEWSWIRE.NET (July, 12 2012) ARCHBISHOP DESMOND TUTU, a winner of the Nobel prize for peace, was the guest of honour at South Sudan’s first birthday party on July 9th where he gave a sermon calling for peace. Stop fighting and wealth will follow, he told the young nation’s leaders, calling on them to conciliate former countrymen in the north. There was polite applause, yet on his way out the retired South African prelate was accosted by volunteers shaking collection buckets for the army.A year after the divorce from the north South Sudan’s outlook is dismal. Oil that was meant to pay for both countries was switched off by the southerners in January during a row over transit fees demanded by the north, for use of the pipelines and ports that take the oil to market. The shutdown has crippled both economies. In the south inflation has climbed from 20% to 80%. Devoid of industry and wholly reliant on imports, the country is keenly feeling the impact of a slide in its currency. The UN, a big employer, is to start paying its local staff in dollars in view of the crisis. The government has so far ignored calls to adopt the dollar. Making matters...
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