Category Archives: Sudan News
Sporadic protests have erupted on Friday in Khartoum and the Gazira State in central Sudan against the recent government decision to increase the bread price.
The African Economic Conference is dedicated to discussions on the kind of economic and political governance reforms that are critical in order to ensure structural transformation takes place in Africa
News of the revocation of economic sanctions against Sudan by the United States government is music to the ears of businesses and investors interested in Africa’s third largest country after two decades of severe restrictions.
With a 3.6% real GDP growth in Q1 2017, the world economy has remained strong, surpassing the earlier forecast at 3.5% for 2017-2018. This growth, according to Euromonitor International, is and continue to be highly driven by emerging markets which account for approximately 74% of the world’s real GDP expansion, and a predicted share of up to 79% by 2020.
UNAMID welcomes the US Administration’s decision to lift most economic sanctions imposed on Sudan. The decision, which ends more than two decades of economic sanctions, is hoped to contribute significantly to the betterment of the lives of the Sudanese people; including the population we serve in the Darfur region.
- Economic conditions in Sudan remain challenging in the face of persistent fiscal deficits, high inflation, and economic sanctions.
- The economic outlook hinges on implementing bold and broad-based reforms to stabilize the economy and strengthen growth.
- The expansion of social safety nets to support the most vulnerable and reforms to improve the business environment to engender strong, broad-based growth are critical.
A team from the International Monetary Fund (IMF) led by Daniel Kanda visited Khartoum from September 13–September 26 to hold discussions on the 2016 Article IV Consultation with Sudan. At the conclusion of the visit, Mr. Kanda issued the following statement:
Strong El Niño weather event that ended only last year and poor erratic rainfall in recent months is driving food prices high causing food insecurity in East Africa region. Local prices of maize, sorghum and other cereals are near or at record levels in swathes of Ethiopia, Kenya, Somalia, South Sudan, Uganda and the United Republic of Tanzania, according to the latest Food Price Monitoring and Analysis Bulletin (FPMA). Prices of staple cereals have doubled in some town markets within the region. According to FAO senior economist and coordinator of the Global Information and Early Warning System, Mario Zappacosta, “Sharply increasing prices are severely constraining food access for large numbers of households with alarming consequences in terms of food insecurity.”
New GSMA Report Sees Rise in Mobile Broadband and Smartphone Adoption across Middle East and North Africa
Mobile Helping to Grow Innovative New Services, Connect the Unconnected and Create Employment Across Diverse Region
A unique transportation technology that can offer fast travel durations at competitive prices is being developed in such countries as South Korea, Malaysia, Singapore, Australia and China. The International Maritime Organization (IMO) classifies the technology as a boat, except that it resembles an aircraft due to its central fuselage and presence of wings. However, commercial aircraft wings are designed to generate a powerful vacuum effect on the top side at high forward speeds, when the aircraft lifts off into the sky. The aircraft look-alike generates zero vacuum effect on the top side of the wings at any speed.
The Nile River has been navigable since the time of the pharaohs some 4,000-years ago, while sections of the Niger, Benue, Congo and Zambezi Rivers have also been navigable. While Cecil John Rhodes sought to build a north – south Cape-to-Cairo railway line, African railway networks remain regional with the own distinctive railway gauge. Paced road networks are to be found in major cities and in certain regions, with a network of unpaved roads offering most of the continent’s long distance connections for the truck transport industry. Trucks carry most of Africa’s long-distance freight.
Final day of International Forum on Islamic Finance (IFIF) focuses on innovation & technology as enablers for financial inclusion in Africa
International Forum on Islamic Finance (IFIF) gathers powerhouses from across global Islamic finance industry
Historic Africa forum to host key policymakers to drive discussions on regulations enabling integration of Islamic finance into financial system and realizing Islamic finance potential