Doing Business in Southern Sudan

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Charming

Village Elder
#1
I have a friend who has been pressuring me to go a business trip to southern sudan to take some products.Guys please advice on what to expect and any challenges there off.
 
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Okiya

Guest
#3
I have a friend who has been pressuring me to go a business trip to southern sudan to take some products.Guys please advice on what to expect and any challenges there off.
Yes there is money. But converting back the South Sudan Pound to US dollar will be a nightmare. Utalia kwa choo my friend
 
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Okiya

Guest
#6
and war, which neva ends ....
Ever heard of conflict entrepreneurs? There are people who make good money when there is war. When war ends, they disappear. The best example of such people are Lebanese. They are in South Sudan, Liberia, Sierra Leone, Ivory Coast. And they are super rich. When conflict ends in these countries, they will move
 
#8
You will get a return on almost everything you sell in South Sudan(Over 50% margin).However to convert the Pounds to KES is a nightmare,as omkiya said,"utalia kwa choo"
 

Shaka

Village Elder
#11
yes kcb has a good rate, the problem is that rarely do buy pounds nowdays, and if they do is for selected few once in a month. That rate they offer is like imposed by the govt and not the real market value for the pound.
 
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Okiya

Guest
#14
Why is their currency shunned and why not transact in US dollars.
Simple. Demand and supply. The supply of dollar is very low because of the oil problems (i.e. shutdown in 2012, rebels, fall of global oil price) On the other hand, demand is sky high. The country relies heavily on imports on almost all goods and services. This puts pressure on the dollar.
 
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Okiya

Guest
#17
Their currency is losing value very fast. Last December 100 south Sudanese pounds was approximately 2,000 Kenya shillings. Now the same is worth 1,000 Kenya shillings.
 
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