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South Sudan Cancels Independence Day Due to Financial Shortage

The world’s youngest nation has terminated its Independence Day celebration, saying what little money it has would be better invested somewhere else as it recuperates from a dreadful civil battle.

South Sudan’s information minister told reporters this week that the nation’s fifth anniversary on July 9 will be observed with a presidential speech instead, “because of the expenses involved”.

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The minister, Michael Makuei Lueth, said the celebrations usually cost at least 10 million South Sudanese pounds, or more than $450 000. “If we can get this amount of money, we would prefer to use it for resolving our problems in the economy such as issues of payment of salaries and so forth,” he said.

South Sudan gained independence from Sudan in 2011, but civil war broke out two years later. A peace deal was signed last year after tens of thousands of people were killed and more than 2 million displaced.

South Sudan remains fragile. The International Monetary Fund this month said its currency has depreciated by almost 90% since December. The country’s oil economy has plunged.

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Written by How Africa

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