Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » AfDB approves $8.6m grant to boost non-oil revenue in South Sudan

    AfDB approves $8.6m grant to boost non-oil revenue in South Sudan

    June 13, 2024
    Share
    Facebook Twitter LinkedIn WhatsApp

    Abidjan, Ivory Coast — The Board of Directors of the African Development Bank Group has approved a grant funding of $8.6 million to South Sudan to advance the second phase of the Non-Oil Revenue Mobilization and Accountability Project (NORMA II).

    The African Development Fund (ADF), the Bank Group’s concessional window, will provide $6.62 million, while $1.98 million will come from the ADF’s Transition Support Facility.

    Themba Bhebhe, the Bank’s Country Manager for South Sudan, said NORMA II will enhance the capacity of South Sudan’s National Revenue Authority (SSRA) to boost non-oil revenue mobilization and accountability. This phase complements the ongoing Bank-supported NORMA I project and the Institutional Support Project for Strengthening Economic Governance in South Sudan. The two initiatives seek to address inefficiencies in broader public finance management, including budget framework, public sector spending efficiency, financial controls, reporting and accountability. Both projects are supported by ADF resources.

    Key interventions of the NORMA II include developing the SSRA’s IT systems to improve revenue administration, tax collection, promoting tax compliance, and enhancing tax audits and investigations, among them studies of taxpayer perceptions. The project also aims to expand the implementation of existing tax policies while exploring new areas to broaden the tax base, particularly value-added tax, hotel tax, and property tax. It will also consolidate training for project personnel from the first phase.

    The project is expected to procure IT equipment for the tax authorities, whereas officials will receive technical assistance and on-the-job support from embedded advisors. They will also benefit from capacity building at the local and regional levels. South Sudan’s National Revenue Authority and the Ministry of Finance and Planning will also receive technical assistance to improve their ability to mobilize non-oil revenue and acquire equipment for internal training.

    Related News

    Mauritania roundtable raises $2bn pledge from the ACG Group

    Fitch raises Ghana’s ratings to ‘B-‘, pushing it closer to investment grade

    It’s time for the World Bank to end the ban on upstream financing

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Mauritania roundtable raises $2bn pledge from the ACG Group

    June 17, 2025

    President Tinubu to bring bold energy reforms to AEW 2025 stage

    June 17, 2025

    Fitch raises Ghana’s ratings to ‘B-‘, pushing it closer to investment grade

    June 17, 2025

    IPMAN applauds Dangote Refinery’s free fuel distribution initiative

    June 17, 2025

    Bayelsa community raises alarm over 24-hour gas flaring, health crisis

    June 17, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.