Sudan: DAL group secures $50 mln to import wheat
Thursday, 23 February 2023 15:41
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
Live News
-
Lobito Corridor, Project Vault: How the U.S. Is Moving to Compete with China in Africa’s Critical Minerals
18:50
-
Libya, UNDP sign blue economy agreement to support economic diversification
18:47
-
Meta-driven layoffs in Kenya expose fragility of Africa’s outsourcing model
18:36
-
Zimbabwe’s Econet Launches AI Unit, Unveils Products, Offers Gemini Access
18:25
-
Togo tops 100 bln CFA francs in 2026 borrowing on regional market
19:13
-
Lome Container Terminal revamps customer service with one-stop model
20:41
-
Industrial Gas Demand in Douala Collapses as Prices and Supply Strain Clients
20:20
-
Douala Port Turns to PPP to Rebuild Its Regional Trade Hub at Boscam
20:07
-
Cameroon Looks to Formalize Cross-Border Trade With Digital Freight Platform
19:54
-
Cameroon Overhauls Procurement Strategy to Unlock Weigh Station Upgrades
19:49
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
Gabon's 7% 2031 Eurobond posted its biggest single-day drop in a year on Wednesday after a new I...
In the race to secure control over critical minerals, the United States lags behind China, which dominates the market and is positioned across the entire...
Libya, UNDP sign deal to develop blue economy strategy Cooperation spans aquaculture, research, marine protection, capacity building Sector seen...
Digital outsourcing is often promoted as a gateway to jobs for Africa’s connected youth. Yet behind the promise of stable employment lies a more troubling...
Econet launches AI unit, Econet AI, targeting rising demand Offers free Google Gemini access, unveils Cassava AiCloud platform Move reflects telecom...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...