South Sudan to Receive $13 Billion Loan from UAE Company

South Sudan to Receive $13 Billion Loan from UAE Company

South Sudan is to receive a 13 billion dollar loan from a United Arab Emirates company in exchange for cheap oil prices. 

The agreement will allow the Dubai company to access oil at a reduced price for up to 20 years, with South Sudan receiving 10 dollars less per barrel than the global price. This is one of the biggest oil-for-money deals in history, and the United Nations is paying close attention. #DWAfrica

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