The Central Bank of Sudan has just received $250 million in aid from Saudi Arabia, a statement from Saudi finance authorities informed.
The fund injection is expected to loosen pressure on the local currency and contribute to exchange rate stability. This is to restore the balance of an economy long affected by a crisis that led to the ousting of President al-Bashir in April 2019.
The new operation is part of an agreement signed between the East African country and its Arab partners, including the United Arab Emirates, which announced a total of $3 billion in aid for Khartoum last April.
Sudan is still on the U.S. black list of countries financing terrorism. Due to this situation, and the problems of indebtedness to international institutions, Sudan can no longer get assistance from the IMF and the World Bank.
Moutiou Adjibi Nourou
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...
West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. ...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
Project targets reduced errors, better traceability and fairness Initiative part of broader government digital transformation efforts Mauritania is...
Uganda seeks World Bank support for $3 billion railway project Funding aims to revive delayed Kampala–Malaba standard gauge line Project...
Since September 2025, Mali has been facing an unprecedented fuel supply crisis, triggered by a blockade of fuel tanker convoys imposed by the jihadist...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projects by 2030. In a West Africa facing rapid demographic...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...
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...