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
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Arise IIP plans to invest more than $3 billion in Kenya over five years The company wi...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Mauritanian Zeine Zeidane has been appointed director of the IMF’s Africa Department. A former prime minister and an IMF official for more than a decade,...
Africa’s sports economy could expand from $12bn to $30-35bn over the next decade Tourism contributes up to 8% of GDP across the continent,...
A two-year partnership will support women entrepreneurs with finance and training The initiative targets underserved and refugee-hosting...
Chevron has taken a final investment decision on the Aseng Gas Monetisation project. The project targets 550 billion cubic feet of gas with an...
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...