After the 2021 coup that toppled the transitional government led by Abdalla Hamdok, Sudan’s western partners cut their aid. To cope with the situation, which is weakening its economy, the country now relies on its Gulf partners.
Sudan will soon have a new port. In an interview with media outlet Reuters, Osama Daoud Abdellatif (photo), director of the DAL Group (one of Sudan’s largest private companies), announced a project to build a port infrastructure on the Red Sea.
The announced US$4 billion infrastructure will be funded by the United Arab Emirates under an investment agreement signed in July 2021 when the transitional government led by Abdalla Hamdok was still ruling. The said agreement includes the development of a US$1.6 billion agricultural project in Abu Hamad and the construction of a 500 km road (estimated investment: US$450 million) to facilitate the export of agricultural products from the Abu Hamad project via the new port. It also provides for the construction of a free-trade zone and an airport as well as the injection of US$300 million into the Sudanese Central Bank’s reserves.
The initiatives have not been confirmed by the two countries’ authorities. Nevertheless, they come in a context where Sudan is battling with socioeconomic challenges that emerged in 2019 with the fall of President Omar el-Bashir. With the transitional government led by Abdalla Hamdok, the country was gradually renewing its ties with the international community but, in 2021, a military coup isolated it on the international scene and led to a suspension of aid from Western countries. Saudi Arabia and the United Arab Emirates are currently some of Khartoum's main supporters. After the downfall of President Omar al-Bashir, the two countries pledged a combined aid package of around US$3 billion to Sudan.
Moutiou Adjibi Nourou
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
Ghana will launch a digital platform to publish and centralize all Power Purchase Agreements (PPAs). The reform follows controversies over opaque...
The World Bank allocates $75 million to fund the DR Congo’s second general population and housing census (RGPH2), part of a $100 million...
International Finance Corporation invests $45 million to power 2,235 telecom sites with solar energy across Ethiopia, Liberia, and Sierra...
Senegal launches a public consultation to define operational and regulatory rules for fiber optic network sharing. Authorities aim to reduce...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...