Page-3 of Member states of the African Union Current Affairs, GK & News

$ 3 billion compensation to Sudan for economic losses: South Sudan

South Sudan has extended a compensation of more than 3 billion dollars to its neighbor Sudan for economic losses incurred due to the South’s independence. They are negotiating in Ethiopia to resolve bitter differences ahead of a U.N deadline on August 2, 2012. South Sudan gained independence from Sudan on July 9, 2011 , but ..

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China offers $8 billion loan to South Sudan

China has offered $8 billion in loan to South Sudan to fund a broad range of infrastructure projects over the next 2 years. The funds would be used to build roads, bridges and telecom network. China wants to maintain good relations both with Sudan, its established friend and with the South Sudan which became independent ..

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