Kenya to lend South Sudan $6 billion

East Africa
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South Sudan may receive a loan of Ksh. 6.077 billion ($60 m) from Kenya as humanitarian and economic aid. This is according to media reports in Kenya.
In August, South Sudan First Vice President Taban Deng Gai, led a delegation that met President Uhuru Kenyatta of Kenya, and asked for“economic assistance” of $60 million to buy food, provide basic services and help revive the country’s faltering economy.
The delegation explained that South Sudan was experiencing serious inflation and people’s purchasing power had gone down. The country depends heavily on revenue from oil, but prices have dropped to below $50 (Sh101.2) a barrel this year.
This is happening at a time when a report released by The Sentry last week titled ' War Crimes Shouldn’t Pay: Stopping the Looting and Destruction in South Sudan', documents how political and military leaders in South Sudan are looting funds and amassing enormous wealth inside and outside the country, while the majority of citizens are languishing in poverty.
The report said that families and top associates of President Salva Kiir and Dr. Riek Machar own multi-million-dollar properties, drive luxury cars and stay in expensive hotels in East Africa and other parts of the world.
In August, Kenya’s Presidential spokesman said Kenya was willing to assist South Sudan to the extent that it can, but first needs to understand the country’s needs. He announced then that the Kenyan government had asked South Sudan to spell out clearly its needs.
Even though an agreement is yet to be reached between the two countries, Kenya’s Treasury Cabinet Secretary Henry Rotich has told the Star newspaper that discussions were going on.
“Discussions with South Sudan on possible support are very preliminary and details are yet to be worked out,” Rotich said.
South Sudan plunged into civil war in 2013, leaving thousands dead in fighting that occurred between forces loyal to President Kiir and those loyal to Dr. Machar.
Last year, the Intergovernmental Authority on Development (IGAD) helped broker a peace deal between the two leaders but the deal fell apart in July this year, after fresh violence erupted in Juba. This led Dr. Machar to flee the country and Taban Deng was appointed to replace him as first vice president
The UN High Commissioner for Refugees says that about 60,000 people have fled South Sudan since fighting broke out in July. Other reports indicate that women and girls have been violated by armed men, while life in general has been disrupted in many parts of the country.

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