Pages tagged with South Sudan

European banks and investors, including Allianz, Deutsche Bank, and Intesa Sanpaolo, investing over €700m in companies tied to brutal violence against civilians in South Sudan

Oil-backed loans are high-risk from a financial, sovereignty and corruption perspective. Transparency can help mitigate these risks, and is crucial for the responsible and accountable management of natural resources.

South Sudan’s state-owned oil company, the Nile Petroleum Corporation (Nilepet), has fallen under the direct control of President Salva Kiir and his inner circle, and is being used to funnel millions in oil revenues to the country’s brutal security services and ethnic militias