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
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
GSMA outlines reforms needed to meet targets of the New Technological Deal 2034 High mobile taxes...
M-Pesa accuses Ethio Telecom of blocking access to new Lehulum app App aims to offer unive...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
Guinea recorded an employment rate of 52% in 2025, according to the National Labour Observatory. The informal economy accounted for 77.4% of the...
Nigeria selected 28 companies to develop gas-flare capture projects across 49 oil-production sites. The projects could deliver up to 3 gigawatts of...
( AGL) - On the occasion of TotalEnergies CAF Africa Cup of Nations, Morocco 2025, scheduled from December 21, 2025, to January 18, 2026, Africa...
Resolute Mining plans to lift annual gold output to 500,000 ounces by 2028, up from a 2025 target of 275,000–285,000 ounces. The Doropo project in...
In line with a broad movement acknowledging colonial-era spoliations and seeking to rebalance cultural relations between Africa and Europe, countries such...
MoMA opens Pan-African portrait photography exhibition on December 14 Show explores mid-20th century African identity and political...