Sudan pound declines due to fragile economy

War-torn South Sudan's oil-rich economy on the edge of collapse

South Sudan's civil war is putting further pressure on an already beleaguered economy, as oil reserves dwindle, war rages and famine looms.

Acacia Mining, the largest gold producer in Tanzania, has slowed its contribution to the economy by about 20 per cent following closure of one of its mine sites.

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The world's newest country, South Sudan, tops the list of fragile states in this year's index released by a leading US-based research institute.

The world's newest country, South Sudan, has come top of the list of fragile states in this year's index released by the US-based Fund for Peace.

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South Sudan has what many business people describe as a "war economy" as they battle to keep their companies afloat as a result of the brutal civil war.

Direct talks aimed at ending weeks of violence in South Sudan are due to begin following meetings with mediators in Addis Ababa.