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
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
WAEMU posts 3.31 trillion CFA francs trade surplus in Q4 Exports surge 50.4%, led by gold, ...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
New teacher training college planned in underserved western region Project backed by government, GTEC, and Ghana Gas partnership Initiative targets...
Regulator investigates data collection and AI training practices Concerns focus on covert recording and handling of sensitive data Case reflects...
Regulator flags illegal resale of Starlink connections Informal networks spreading in underserved areas Violators face prison terms and fines up to...
Government targets underserved areas with new tower rollout Over 20 million Nigerians still lack basic connectivity Project is part of broader digital...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...