Daily Archives: January 16, 2016

SABMiller to close its South Sudan operation due to lack of foreign exchange

SABMiller announced on Friday that it will close its South Sudanese operation in March due to shortage of foreign exchange to buy raw materials.

Traders and ordinary South Sudanese have struggled to find dollars to pay for basic imports and other essentials as a conflict that started in December 2013 has taking its toll, disrupting oil production as world oil prices fall.