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
-
Canada’s Ivanhoe reports first copper anodes from Kamoa-Kakula smelter, one of Africa’s largest
05:45
-
Canadian junior Koulou Gold raises $21.8 mln to expand Côte d’Ivoire exploration
05:35
-
Canyon’s CEO Steps Down as Minim Martap Enters Its Final Stretch
04:50
-
After a Decade of Shutdown, Cameroon Considers Reviving Zina-Makary Oil Block
04:41
-
Abidjan Airport Traffic Hits 2.55 Million in 2025, Just Below Expectations
04:40
-
Public Investment Surges 33.7% as Private Spending Declines in Cameroon
04:28
-
A New Find at Moho Reinforces Congo’s Most Strategic Oil Asset
04:20
-
Togo plans 304 water points in 2026 in push for universal access
20:50
-
Cameroon Is Drinking More Wine, With Imports Up 37% in 2025
19:59
-
Mixx Togo joins BCEAO payment platform, enabling cross-border transfers across UEMOA
17:06
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Ivanhoe reports first copper anodes from Kamoa-Kakula smelter startup Mine produced over 71,000 tons of copper in Q1 Company cut 2026 output forecast,...
Koulou Gold raised funds to expand and explore Ivorian projects Major investors boosted stakes, backing portfolio and future exploration Fundraising...
Passenger traffic reached 2.55 million in 2025, up slightly year-on-year Air freight rose 7% to 34,844 tons Growth came in below earlier projections...
TotalEnergies finds new hydrocarbons at Congo’s Moho offshore block Discovery near existing infrastructure could speed up production Move supports...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...
French lawmakers approve colonial-era restitution framework unanimously Law enables returns by decree, replacing case-by-case...