The funding committed by the British International Investment (BII) is the latter's first commitment that will directly benefit the Sudanese population.
UK development finance institution British International Investment (BII) announced, Wednesday, it committed $50 million to support food availability in Sudan. The funds will support the acquisition of 280,000 tons of wheat, through the Sudanese group DAL, we learn.
Specifically, the funds will strengthen DAL Group's long-term working capital requirements, enabling the company to import wheat and boost flour supplies to retail outlets and businesses in Sudan.
The transaction is the BII's first investment to "directly benefit the people of Sudan." It reflects the institution's commitment to supporting the supply of foodstuffs in the country. DAL Group, which operates in several sectors including food and beverages, agriculture, earthworks, real estate, energy, mining, automotive, health, and education, will leverage the support to further anchor its operations in South Sudan.
Chamberline Moko
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
StartupBlink ranked 25 African countries in its global innovators index, with 13 in the top 100. ...
Washington’s 2026 Ministerial marks a shift from market pricing to state control of critical minerals via security, finance, and...
Ghana petroleum revenues fall to $399.6 million in H2 2025 Crude oil liftings drop sharply, Brent prices decline Prolonged...
Tanzania in talks with World Bank on Dar port expansion loan Four new berths to boost capacity, handle deep-draft vessels Traffic growth...
Kenya, UK sign MoU on border security cooperation Deal targets trafficking, smuggling, cross-border organised crime Agreement aims to boost...
More than 100 Senegalese artists publicly urged President Bassirou Diomaye Faye to impose sanctions on Israel over the Gaza conflict. The artists...
Fela Kuti received a posthumous Lifetime Achievement Award from the Recording Academy He is the first African artist recognized by the Grammys...