The Sudanese government is considering cash transfers to poor people to subsidize access to food, Prime Minister Abdalla Hamdok (pictured) announced this week.
According to the official, this measure could enable the poorest citizens to meet their needs for basic necessities such as food, fuel, and medical services. It will also enable people to meet their educational needs.
“The issue of subsidies is one of the most important and biggest challenges,” Hamdok said. This announcement comes in a tense economic context marked by a shortage of foreign exchange and rising inflation. Last April, long demonstrations following the shortage of bread, fuel, and medicines, and the sharp rise in prices had led to the ousting of former President Omar al-Bashir.
Let’s note that the Soudanese government, which is trying to mobilize more than $8 billion from international donors to revive its economy, announced last September that it would implement an emergency program to revive the economy in 200 days.
Moutiou Adjibi Nourou
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...
• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...
• Ghana signs a deal with eLearning Africa to expand digital learning access across the country.• The partnership focuses on deploying modern digital...
Ghana launches the Oncology Nurse Leadership Program (ONLEP) to train specialized oncology nurses from seven African countries. The five-year...
Ivanhoe Mines signs deal covering 100% of Kamoa-Kakula smelter’s copper output. The smelter will process up to 500,000 tonnes annually, starting at...
African gas projects drive significant contracts for Asian shipbuilders, especially for Floating Liquefied Natural Gas (FLNG) units. South Korean...
Kolmanskop offers a haunting blend of lost wealth, colonial history, and the unstoppable force of nature. Located just a few kilometers inland from...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...