The government of Sudan has announced the temporary ban of 19 products including food products. The measure came into effect last Thursday and it aims to protect the local currency and reduce the county’s budget deficit.
It is implemented as the Sudanese pound keeps falling to the dollar since the lifting of US economic sanctions. This will lead to a boost of Sudan’s imports and affect availability of foreign currencies in the country. Indeed, though the Central bank has kept exchange rate at 6.7 Sudanese pounds for a dollar, the scarcity of the currency in the formal circuit forces importers to turn towards the black market.
On this market, the rate was 27 Sudanese pounds for a dollar, the apex bank revealed last month. The institution had at the time announced emergency measures to reverse the trend, but performances recorded so far are mitigated as, according to Reuters, the exchange rate is currently at 25 pounds for a dollar on the black market.
Aaron Akinocho
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...
CBE raised $200 million in senior debt as a second tranche arranged by Standard Bank New fun...
Senegal to deploy 1,000 hybrid taxis under FDTT-BCI SN financing deal Project targets informal sector reform, with 100 taxis arriving February 2026...
Guinea saves $26.9M after verifying public workers via FUGAS system Only 130,000 of 277,000 staff confirmed through biometric checks FUGAS...
Bill aims to simplify tax system, promote compliance, and support growth Follows removal of E-Levy, COVID tax to ease household, business costs...
Platform matches corporate needs with local tech solutions in real time Aims to boost national innovation, digital transition, and competitiveness...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...