KHARTOUM (Reuters) – Sudan will not fully remove fuel subsidies until the end of 2013 since austerity measures worth 7 billion Sudanese pounds ($1.5 billion) are sufficient to turn around the ailing economy, a senior ruling party official said on Sunday.
The Arab African country is struggling with a worsening economic crisis after losing much of its oil wealth – the main source for revenues and dollars needed for imports – when South Sudan became independent last year.
KHARTOUM (Reuters) – Sudan’s currency fell close to its historical low against the dollar as demand for imported food surged before the holy Muslim month of Ramadan, driving up prices and fuelling anger over a severe economic crisis.
President Omar Hassan al-Bashir, in power since 1989, has avoided an “Arab spring” but an austerity programme that included scaling back fuel subsidies sparked small-scale protests four weeks ago.
KHARTOUM, July 18 (Reuters) – In his office in Khartoum’s
gold market, central bank sales agent Mohamed Adam sips tea and
watches while his staff load bundles of cash worth tens of
thousands of dollars from the safe into four boxes.
The government will use these piles of Sudanese pounds to
purchase gold, which it plans to sell for the dollars needed to
pay for imports of food and other essentials.
JUBA (Reuters) – Radio journalist Mading Ngor was firing off sentences like machine gun rounds.
South Sudanese troops had occupied a disputed region across the country’s border with arch foe Sudan. President Salva Kiir declared the army would not withdraw. The ruling party staged marches to prepare the people for war.
KHARTOUM (Reuters) – Veteran Sudanese journalist Mahjoub Mohamed Saleh says he cannot remember a time when there were so many “red lines” – invisible boundaries that the media crosses at its peril.
“You don’t know what the red lines are,” said Saleh, who started his career in 1949 when Britain still ruled Sudan and is now editor of Sudan’s oldest newspaper, Al-Ayam. “Sometimes you are told ‘don’t publish this’ but they (the red lines) keep moving.”
KHARTOUM, June 13 (Reuters) – Veteran Sudanese journalist
Mahjoub Mohamed Saleh says he cannot remember a time when there
were so many “red lines” – invisible boundaries that the media
crosses at its peril.
“You don’t know what the red lines are,” said Saleh, who
started his career in 1949 when Britain still ruled Sudan and is
now editor of Sudan’s oldest newspaper, Al-Ayam. “Sometimes you
are told ‘don’t publish this’ but they (the red lines) keep
KHARTOUM (Reuters) – Sudan, after avoiding the “Arab Spring” protests which swept through the Middle East, is about to face its first real test of popular discontent as it prepares to remove fuel subsidies.
With Sudan already suffering from a severe economic crisis since losing much of its oil production – the lifeline of the economy – when South Sudan became independent in July, ordinary people say that they can’t cope with further price rises.
KHARTOUM/JUBA (Reuters) – Fighting between Sudan and South Sudan broke out in April, the worst violence since South Sudan became independent in July after a 2005 peace deal, undermining stability in both countries and threatening to start a broader conflict.
Much of their border is disputed and the two countries have failed to resolve a long list of disputes, including how much the landlocked South should pay to export oil through Sudan and who will control the contested Abyei region.
KHARTOUM (Reuters) – Sudan has released four foreigners who were detained three weeks ago near the border with South Sudan following weeks of heavy clashes between the two African neighbors, officials said on Sunday.
Sudan accused the four – a Briton, a Norwegian, a South African and a South Sudanese – of entering an oil-producing border area illegally to spy for South Sudan.
KHARTOUM, May 18 (Reuters) – Sudan will allow foreign
exchange bureaux and banks to trade dollars at a level close to
the black market rate, effectively devaluing the pound, a senior
banking official said on Friday.
Sudan’s economy has been battered since the country lost
three-quarters of its oil production to South Sudan when the
latter became independent in July. Even though the pipelines are
in Sudan, the two have been unable to agree on how much the
South should pay to transport its oil.