Sudan expects the economy to grow by 5.1% in 2019 against 4% in 2018, according to the government's draft bill adopted on December 19, 2018.
The draft bill also expects the budget deficit to drop from 3.7% in 2018 to 3.3% in 2019.
Exports should rise by 30% in 2019 while the government’s revenues will increase by 39% to SDG162.3 billion ($3.43 billion) according to the forecasts.
"The 2019 budget is based on real resources and disciplined expenditures," said prime minister Moataz Moussa (photo), indicating that the government is focused on an increase of the oil, wheat and sugar production as well as important investments in the digital economy.
In another statement, the head of state Omar al-Bashir announced a reduction of oil subsidies indicating that there could not be any real economic reform while leaving those subsidies untouched. The head of state also explained that Sudan was still united and stable despite an important loss of oil revenues after the separation with South Sudan in 2011.
Following this separation, Sudan lost ¾ of its oil production, which used to represent 90% of exports and 40% of the budget.
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Royal Air Maroc signed a deal with DAE to lease 13 Boeing 737-8 aircraft. Deliveries are schedule...
Visit scheduled from February 4 to 6, 2026, at the invitation of President Hakainde Hichilema Tal...
Togo develops local organic certification framework for producers Standards aim to ease access to organic labels and markets Framework...
Ethiopia and the European Investment Bank signed a €110 million ($130 million) loan agreement for rural development financing. The project...
TotalEnergies will operate the offshore PEL104 exploration license in Namibia with a 42.5% stake. The license sits in the Lüderitz Basin and covers...
African airlines increased air cargo volumes by 6.0% in 2025, beating global growth. December traffic rose 10.1%, the fastest increase among all...
The Pan African Film & Arts Festival (PAFF) will run from February 7 to 22, 2026, in Los Angeles, positioning itself as a major soft power platform for...
More than 100 Senegalese artists publicly urged President Bassirou Diomaye Faye to impose sanctions on Israel over the Gaza conflict. The artists...