The UAE and Saudia Arabia announce $3 bln support for Sudan
Monday, 22 April 2019 17:11
In a release published on Sunday 21, April 2019, the United Arab Emirates and Saudi Arabia announced that they would provide $3 billion to Sudan.
This financial support is aimed at helping the east African country find solutions to the economic crisis it is going through.
It consists of a $500 million deposit in the Central Bank of Sudan to alleviate pressures on the Sudanese Pound. The remaining fund will be used to cover various needs for food, drugs and fuel.
Far from appeasing the social tension, the downfall of president Omar el-Béchir (deposed days ago) exacerbated the social protests demanding a civilian government. With this financial support, the two Gulf countries are trying to restore political stability in a country which has always been one of their traditional allies, in the Yemeni war notably.
Let’s note that weeks ago, two investment funds based in Abu-Dhabi announced a $300 million support to restore economic balance in Sudan.
Moutiou Adjibi Nourou
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Tanzania to Launch MV Mwanza Ferry on Lake Victoria
16:37
-
Camtel Raises $80 Million to Expand Mobile Network Across Cameroon
16:34
-
Africa Emerges as an AI Growth Market with BEN–Valio Partnership
16:32
-
The Hidden Cost of Africa’s Digital Boom: Corr-Serve Brings Seceon Cybersecurity to Southern Africa
16:22
-
Kenya’s Payd Targets Freelancers With Low-Cost Global Payments
14:55
-
Guinea Upgrades Cybercrime Directorate to Secure Digital Transformation
14:53
-
Togo’s Mining Output Led by Phosphates as Revenues Remain Concentrated
14:29
-
VivaTech Opens Female Founder Award 2026 For Women-Led Startups
13:23
-
Internet Shutdowns: UNESCO Warns Against a Practice Still Widespread in Africa
13:22
-
Togo Allocated 1.8 Billion CFA Francs to Support Vulnerable Groups in 2025
12:54
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...
Nigeria licensed Amazon’s Project Kuiper to operate satellite services from 2026, setting up dir...
Gas-fired plants and renewables anchor Mauritania’s electricity expansion plan New thermal, solar...
Tanzania plans to commission the MV Mwanza ferry on January 23, 2026, enhancing regional connectivity and supporting cross-border trade. The...
Camtel secured $80.3 million (44.884 billion FCFA) in syndicated financing from Commercial Bank Cameroon to fund the first phase of its Mobile...
BEN–Valio partner for an exclusive AI licensing deal in Africa to deliver sovereignty-aligned, compliant AI solutions. Initiatives like AfricAI...
Corr-Serve became the sole distributor of Seceon’s AI-driven cybersecurity solutions in Southern Africa, with South Africa as the rollout hub for...
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...