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
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Reform targets fragmented rules slowing network deployment Government aims to boost investment in broadband and 5G Changes seek to lower costs and...
PAD signs 30-year PPP to rehabilitate Boscam terminal Project includes new platform and potential 700-meter quay Plan aims to restore regional traffic...
Globeleq launches 250 MW solar plant with battery storage near Lusaka Project aims to stabilize grid and meet peak electricity demand Move supports...
Funding targets SMEs, farmers, and agricultural value chains Program aims to improve access to finance and attract private capital Initiative to...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...