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Banking / Investment in Sudan

  • Africa's last international banks make their stand

    BOTSWANA, 2017/10/31 On June 1, 2017, Barclays sold a 33.7% stake in its African business, Barclays Africa Group Limited (BAGL). The transaction reduced the UK lender’s stake in its African offshoot to 14.9% and permitted, in accounting terms, the deconsolidation of BAGL from its parent. Additional symbolically, it brought to an end Barclays’ operations on the continent next additional than 100 years. The rise of Africa’s home-grown financial players has led most international lenders to withdraw from the continent. However, Société Générale and Standard Chartered are not only staying put but marking territory for digital expansion. James King reports.
  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • Sudan makes remarkable progress in growth, stability and making business easier

    SUDAN, 2015/09/28 Khartoum’s doors open for international investment amidst wealth of opportunities
  • Sudan In the 80s ’s banking system

    SUDAN, 2014/01/03 The young and developing Sudanese banking and financial sector has weathered various challenges and holds a wealth of opportunity for investment , particularly in Islamic products, with potential of reach to hundreds of thousands of new clients   Agriculture has traditionally formed the backbone of Sudan’s economy, contributing to between 35-40 % of its GDP and today still employing 80 % of the workforce. That was until oil exports started flowing in 1999 and the petroleum industry became the alpha provider of the country’s gain. Rising oil production, high oil prices, and significant inflows of foreign direct investment fuelled an economic boom that lasted almost a decade and spurred the creation of new infrastructure and services – particularly in energy, health and education – to serve the country’s new wealth generator.
  • President of the Republic, Ali Osman Mohammed Taha

    SUDAN, 2013/10/26 Initial Vice-President of the President of the Republic, Ali Osman Mohammed Taha has called for close watching to the outcomes of the economic reform package which was taken recently by the government. This came at the same time as Taha received, Thursday, the Governor of the Central Bank, Dr. Mohammed Kheir Al-Zubair who briefed him on the results of Sudan delegation meetings with the IMF and theWB where the IMF lauded the the economic measures taken by Sudan.
  • Sudan’s Bank of Khartoum to restart sukuk sales

    SUDAN, 2012/10/30