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Stock Market / Finance in Sudan

  • World Bank and United Nations three-day visit to the Sudan

    SUDAN, 2014/04/19 A joint mission of the African Union, Arab League, World Bank and United Nations has agreed, at the end of a three-day visit to the Sudan on Thursday, to support programmes to reintegrate veterans in the community. It as well agreed on projects to control small and light arms in the war-weary country, the Sudan News Agency (SUNA) reported. The agency quoted the Director of Planning of the Disarmament, Demobilization and Reintegration Commission (DDRC), Dr. Mahmud Zain al-Abdin, as saying that the mission, which was headed by Dr. Tariq al-Sherif of the African Union, held a series of meetings with the concerned authorities on the DDRC projects and reached a number of recommendations, inclunding provision by international donors of funds in support of the DDRC programmes during 2014-2016.
  • Khartoum Welcomes France's Decision to Cancel its Debt

    FRANCE, 2013/11/19  The Sudanese foreign ministry hailed the decision by France to include the country in the inventory of nations that would benefit from the deficit cancellation scheme announced by Paris this week. The deficit relief plan will as well include four other nations namely Somalia, Zimbabwe, Chad and the Ivory Coast in the all of $2.42 billion as incorporated in France's 2014 budget. France's social economy minister Benoît Hamon told the that "The deficit relief is almost immediate, since we are transferring loans made in the completed into donations".
  • Ethiopia Imports $U.S.1 Billion in Fuel From Sudan Via Djibouti

    DJIBOUTI CITY, 2013/04/02 The Ethiopian Petroleum Supplier Enterprise (EPSE) said on Saturday that the nation has imported over 1 million metric tonnes of petroleum from neighbouring Sudan via the port of Djibouti. Officials said the stated fuel amount was imported at a cost $1.12 billion over the past six months.
  • New budget presented

    SUDAN, 2012/12/12 Sudan has overcome the loss of South Sudanese oil, the finance minister said in presenting a new budget to parliament on Wednesday, despite 45 % inflation and a currency at record black-market lows. Finance Minister Ali Mahmud al-Rasul said increase will reach 1.4 % this year and will rise to 3.6 % in 2013 -- figures which contradict International Monetary Fund estimates for a contraction in 2012 with the economy holding roughly steady next year.
  • Finance Minister Says Centralized Tax Collection System Necessary

    SUDAN, 2012/10/30 Juba — South Sudan Finance and Economic Planning, Kosti Manibe Ngai, last Friday defended the centralized system of tax collection in the country after threats by Central Equatoria national governor to pull out his national from the centralized system.