Tag Archives: Sudan
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:
Cape Town welcomes more than 5000 power and water professionals this week as Eskom CE Brian Dames and Minister Edna Molewa address African Utility Week
ADDIS ABABA, Ethiopia, April 12, 2013/African Press Organization (APO)/ – The Chairperson of the Commission of the African Union, Dr. Nkosazana Dlamini Zuma, welcomes the news of the resumption of oil production by South Sudan, and its transit and export through Sudan’s oil pipeline. She notes that this marks another major step in the normalization of relations between Sudan and South Sudan, as well as a turning point in the economic fortunes of both countries, which have suffered greatly since oil production was halted in 2012. She welcomes the clear commitment and political will of the two countries to ‘reboot’ their relations, and encourages them to remain steadfast on this path.
By Simon Tesfamariam
KAMPALA, Uganda, February 14, 2013/African Press Organization (APO)/ – Uganda can earn an additional $2.5 billion from non-traditional trading partners in the region and close the trade deficit in the next five years if it removes trade barriers with neighbors, the World Bank announced today. Doing so could also help the East African country stabilize the economy in the face of a slowdown in overall growth and reduced aid flows, the World Bank says.
Refining Industry Outlook in Middle East and Africa, 2013 – Capacity Analysis, Forecasts and Details of All Operating and Planned Refineries to 2017
NEW YORK, Feb., 2013 /PRNewswire/ — Reportlinker.com announces that a new market research report is available in its catalogue:
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BERLIN, Germany, January 28, 2013/African Press Organization (APO)/ – With Federal Foreign Minister Guido Westerwelle acting as patron, the German-African Business Association and the Ghorfa Arab-German Chamber of Commerce and Industry will tomorrow (Tuesday, 29 January) host a trilateral business conference for Germany, the Sudan and South Sudan. The conference, entitled “Germany – Sudan and South Sudan Business Day”, will take place at the Federal Foreign Office and is open to the press.