Finance

Sudan: DAL group secures $50 mln to import wheat

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

On the same topic
IFC to set up CFA17bn guarantee for Orange Bank digital SME loans Facility covers up to 50% of loans in Côte d’Ivoire, Senegal Scheme targets SMEs,...
Uber ended its operations in Tanzania on January 30, 2026 The exit follows years of tension over fares, commissions, and regulation The move...
The African Development Fund plans its first-ever market borrowing of about $1 billion. Donor contributions fell sharply, with the latest...
About 87.5% of Nigerian fintechs use artificial intelligence to detect fraud, according to the Central Bank of Nigeria. Nigerian financial...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...

African Startup M&A Hits Record 67 Deals in 2025, Led by Fintech
03

Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...

Nigeria’s central bank upgrades fintech licenses amid rapid digital growth
04

Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...

Crypto Sovereignty Was CAR’s Goal. A Report Says Crime Risks Took Hold Instead
05

CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...

Ethiopia’s CBE launches digital platform to channel diaspora remittances
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.