History's Playbook Repeats

Novo, Lilly, Rhythm... each started small. This Canadian peer could follow with needleless peptide delivery.

UN report cites huge government corruption in South Sudan as its food crisis worsens

JOSEPH FALZETTA
September 16, 2025

NAIROBI, Kenya (AP) -- Billions of dollars in public funds in South Sudan have been stolen over the past decade in massive government corruption while the vast majority of the country suffers food insecurity, a U.N. commission said Tuesday.

The report by the U.N. Commission on Human Rights in South Sudan details several schemes allegedly used by political officials to divert huge chunks of public revenues since achieving independence from Sudan in 2011 after decades of civil war.

Meanwhile, the impoverished country's food crisis has deepened, and last year the government postponed for the second time what would have been the first-ever national elections, citing lack of funds.

"While a small group of powerful actors pillage and loot the country's wealth and resources, enriching themselves, the state has effectively abdicated its sovereign responsibilities to its population, outsourcing critical services -- such as the provision of food, healthcare, and education to international donors," the report states. "Corruption is killing South Sudanese."

In a written statement, the government called many of the allegations "absurd," and said the report contained "methodological errors" and overstepped the commission's mandate. It also said it had not been given sufficient time to respond to the findings.

The U.N. report alleges that the government's oil-for-roads program funneled oil revenue to companies associated with Benjamin Bol Mel, a businessman close to President Salva Kiir who was appointed to one of five vice presidency positions this year.

The oil-for-roads program is the government's keystone infrastructure development initiative and the largest since recipient in recent years of oil revenue, which is the cornerstone of the country's economy.

The report says that $1.7 billion of the $2.2 billion dedicated to the roads program is unaccounted for, while 95% of roads required by the initiative have not been completed.

The government rejected the commission's findings on the diversion of oil-for-roads funds, which it said were "meant to smear the good image of the people of South Sudan and its leadership."

Bol Mel, who many speculate is being groomed to succeed the president, is currently under U.S. sanctions, as are several of his companies.

The report alleges that in an other scheme the "politically connected" Crawford Capital Ltd. captured tens of millions of dollars through "irregular government e-services," such as the processing of electronic visas and petroleum import and export licenses, and electronic collection of taxes.

Most development and quality of life indicators rank South Sudan among the lowest in the world. Approximately one in ten children die in child birth, and secondary school enrollment is just 5%.

Food security analysts say that 76 of the country's 79 counties are in the throes of severe food insecurity. Yet only a tiny fraction of government funds are allocated to public services, the report says. Between 2020 and 2024, less than 1% of the federal budget was allocated to ministries responsible for supporting food security.

During the 2022-2023 fiscal year, public funds spent on the President's personal medical unit surpassed those spent on nationwide healthcare.

The government has pointed to international sanctions and declining oil production as obstacles to spending on public services.

South Sudan has long been plagued by corruption and theft of public funds, multiple investigations have found. A 2021 report by the UN uncovered tens of millions of dollars in unaccounted for government revenue, in what it said amounted to "a tiny fraction of the overall pattern of theft" in the country.

The latest U.N. report was released amid rising fears that the country is backsliding to full-scale war. On Thursday, opposition leader Riek Machar was suspended from his post as first vice president after being indicted on charges including murder, terrorism, and crimes against humanity after a local militia that the government says he has links to overran a military garrison near the Ethiopian border. He has been under house arrest since March.

Continue Reading...

Popular

AI's $1.2 Trillion Growth Will Rest On Data Centers And Power, Not Financing Schemes

Bank of America Securities analyst reassures that fears about vendor financing in the semiconductor industry are exaggerated.

Senseonics Tumbles As Q3 Results And Split Hit Stock

Senseonics stock drops on reverse split announcement despite record U.S. patient growth and 91% jump in Q3 revenue.

Triple-Digit Growth in Energy Storage - Ad

The storage industry is growing fast, and one company is leading the charge with triple-digit revenue growth. With a market cap of only $177 million, the upside could be enormous.

Dave Ramsey Doesn't Mess Around With Bitcoin Or Gold, Says 'I Have Three Investments' — Here's What They Are

Personal finance expert Dave Ramsey has long dismissed crypto, gold and single-stock investing, calling them risky distractions — but new research shows that his disciplined mutual fund approach may have cost him market-beating returns.

Trump moves toward deal to give US an equity stake in company developing Nevada lithium mine

WASHINGTON (AP) — The White House is moving forward with a deal that would allow the U.S. government to take a small equity stake in a Canadian company that is developing one of the world's in northern Nevada, an official said.

Why Are Wall Street Insiders Moving Their Money to This One Asset? - Ad

Something far more consequential for your money than tariffs is unfolding behind the scenes... Tucked inside this overlooked directive is a plan set to be executed for the first time in in U.S. history. One Stansberry Research's Senior Partner says it's set to trigger a rare window for potentially explosive gains in ONE asset immediately. (Not AI or crypto). Wall Street insiders are already positioning themselves... and he insists you should, too, before it's too late.

Ray Dalio Predicts 'Very, Very Dark Times,' Trump's Tariffs Bring In $350 Billion And Gold Nears $3,800: This Week In Economy

The past week was filled with significant economic events and market movements. From a billionaire investor’s ominous warning to a controversial tariff’s financial impact, here’s a quick recap of the week’s top stories.

Cathie Wood, Tom Lee Align On These 10 Stock Picks: Some Might Surprise You

A new ETF from Tom Lee shares 10 stocks in common with Cathie Wood's Ark Funds. A look at the stocks both well-known financial figures like.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

3 Gold Mining Stocks Shine As Prices Hit Records

Gold mining stocks Anglogold Ashanti, Coeur Mining, and New Gold join the top 10% for quality as gold prices hit fresh highs.

My Top Biotech Stock Picks And Portfolio Strategy For The Next 3-10 Years

Forecasts in biotech market indicate that by 2030, gene therapy will become more accessible, potentially generating hundreds of billions dollars in revenue.

Margins Built for Scale - Ad

90%+ gross margins. Subscription potential. Facility ready to produce.

Charlie Kirk Raised $85 Million Last Year — Widow Vows to Continue His Work

The assassination of Turning Point USA founder Charlie Kirk at a Utah Valley University event on September 10 has cast a shadow of uncertainty over the future of his political and business ventures.

Federal judge tosses Trump's $15B defamation lawsuit against New York Times

TAMPA, Fla. (AP) — A federal judge in Florida on Friday tossed President Donald Trump’s against New York Times.

Timing the Next Health Trend - Ad

Every wave begins small. This one is forming now with first-mover advantage in peptide delivery.

Ken Griffin Slams Trump's 'Anti-American' And 'Nauseating' Tariff Policy: 'There's Only One Way This Game Ends'

Ken Griffin, a former supporter of President Donald Trump has publicly criticized the President’s tariff policy, calling it “anti-American.”

Cathie Wood's Reshuffle Tuesday: Loads Up On AMD, Figma And Bullish, Trims Tempus AI

On Tuesday, Cathie Wood-led Ark Invest executed significant trades, including buying shares of Advanced Micro Devices Inc. (NASDAQ:AMD) and Bullish Inc. (NYSE:BLSH), while selling shares o

October 16: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on October 16. Investors who make the right moves before then could make up to 40X by 2032...

North Carolina judge orders $50M payment for helicopter crash death

CHARLOTTE, N.C. (AP) — A North Carolina judge has ordered $50 million be paid to the family of a Charlotte TV station meteorologist who was killed in a after finding the companies that owned and operated the aircraft liable in his widow's wrongful death lawsuit.

Benzinga Bulls And Bears: Intel, FedEx, Cracker Barrel — And Markets Close At Record Highs

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

Celebrity Demand Meets Mass Adoption - Ad

Some stars already use them. Now the door is opening for everyone else.

Kevin O'Leary Once Admitted He Wasn't The Best Dad — But The Shark Gave Himself A '10 Out Of 10' Score In One Key Area

Kevin O'Leary admitted he wasn't always present as a father but said financial stability made him a "10 out of 10" provider, sharing how tough-love lessons with his son and sacrifices echoed by Barack Obama and Mark Cuban highlight the trade-offs between family and success.

Opendoor Stock Rallies On Expansion And Short Squeeze Hopes

Opendoor stock rallied on Wednesday after it announced an expansion of U.S. operations, but it didn't specify which operations.

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

Joby, Archer, Eve: Race For First-Mover Advantage In The $100B Flying Taxi Market

The race to commercialize flying cars is shifting from science fiction to investor reality. JPMorgan analysts see electric vertical takeoff and landing (eVTOL) aircraft entering a rapid growth phase, with the total addressable market for passenger air taxis alone projected to hit $100 billion globally by 2040.

The "Mar-A-Lago Accord" Is Now Underway - Ad

The global order is in chaos. And according to 40-year market veteran Dr. David Eifrig, the biggest controlled demolition of the old monetary order in history could now be here, too. That means if you don't take action today, your wealth could decline by 40%... (Yes, even your cash savings.)

AGM Group Holdings Stock Shoots Up 159% After Hours: Here's What's Happening

AGM Group Holdings Inc. surged 158.74% to $5.77 after announcing the $57.45 million sale of its semiconductor subsidiary, signaling a positive market response to its strategic restructuring.

US To Impose $100,000 Annual Fee On H-1B Visas As Analysts Warn Trump Risks 'Taxing Away' America's Innovation Edge

The Trump administration's plan to impose a $100,000 annual fee on H-1B visas could reshape tech hiring, strain talent pipelines from India and China, and risk driving innovation overseas, analysts warn.

History's Playbook Repeats - Ad

Novo, Lilly, Rhythm... each started small. This Canadian peer could follow with needleless peptide delivery.

Waymo's robotaxi expansion will get a Lyft in Nashville next year

Robotaxi leader Waymo on Wednesday announced that its driverless vehicles will begin transporting passengers in Nashville, Tennessee, next year while heading in a new direction by teaming up with Lyft instead of its recent ride-hailing partner Uber.

Triple-Digit Growth in Energy Storage - Ad

The storage industry is growing fast, and one company is leading the charge with triple-digit revenue growth. With a market cap of only $177 million, the upside could be enormous.

China Secures 'Win-Win' TikTok Deal With US As Trump Extends Deadline, ByteDance Hits $330 Billion Valuation

President Donald Trump extended TikTok's U.S. divestment deadline to Dec. 16 as Washington and Beijing reached a tentative "win-win" framework deal, while ByteDance's valuation jumped to $330 billion on strong revenue growth.

Why Are Wall Street Insiders Moving Their Money to This One Asset? - Ad

Something far more consequential for your money than tariffs is unfolding behind the scenes... Tucked inside this overlooked directive is a plan set to be executed for the first time in in U.S. history. One Stansberry Research's Senior Partner says it's set to trigger a rare window for potentially explosive gains in ONE asset immediately. (Not AI or crypto). Wall Street insiders are already positioning themselves... and he insists you should, too, before it's too late.

Gabon awaits results in its first legislative and local elections after the 2023 military coup

LIBREVILLE, Gabon (AP) — The oil-rich central on Saturday voted in the country's first legislative and local elections since a ended a 50-year-old political dynasty.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

One in Five Americans Gets News From TikTok — Up From Just 3% In 2020

A study by the Pew Research Center reveals that TikTok has become a significant news source for one in five Americans.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service