KHARTOUM (Reuters) – Sudan looked set to receive $2 billion in oil pipeline fees from South Sudan by the end of 2014 and should prioritize overhauling its agricultural sector with the money, the International Monetary Fund (IMF) said on Tuesday.
Sudan lost most of its oil reserves – the main source of dollar revenue to pay for food imports – when South Sudan seceded in 2011, driving down the local currency, taking inflation to almost 50 percent and fuelling dissent.
KHARTOUM (Reuters) – One Ethiopian peacekeeper was killed and two others wounded when a U.N. convoy was caught up in a tribal clash in the Abyei border region claimed by both Sudan and South Sudan, the United Nations said on Sunday.
A tribal leader was shot dead in the same incident, while in separate violence along the neighbors’ volatile border, the Sudanese army clashed with rebels of the SPLM-North, which is trying to topple President Omar Hassan al-Bashir.
UM RAWABA, Sudan (Reuters) – The line of army pickup trucks rumbled into the dusty streets of Um Rawaba, a once placid city in the heart of Sudan that days ago became a new front in the war of attrition between government and rebels.
Six days earlier, hundreds of insurgents had stormed in, spraying bullets and killing up to 13 civilians and soldiers, before pulling out as government planes started flying overhead.
KHARTOUM (Reuters) – For Sudanese businessman Mohamed Ali the tedium of the evening hours is finally over – his favorite shisha cafe in the capital Khartoum has reopened after a two-year break.
“I come here every day. I love to be here and smoke water pipe with my friends and socialize,” said Ali, sitting at a table in a noisy shisha cafe on the top floor of a hotel.
KHARTOUM (Reuters) – Rebels from Sudan’s Darfur region launched a dawn attack on the city of Um Rawaba on Saturday, taking their fight closer to the capital Khartoum, witnesses said.
The attack marks the biggest push by a rebel alliance that is seeking to topple President Omar Hassan al-Bashir. Fighting had hitherto been limited mainly to remote regions of Darfur and South Kordofan and Blue Nile states, which border South Sudan.
CAIRO, April 24 (Reuters) – Egyptian fund manager Mohamed
Ayad watched his clients lose money for months until he himself
became a victim of the stock market’s slump.
“I was fired with many others when trading volumes went
down,” said Ayad, a man in his 30s who worked for a securities
firm in Cairo until last year. “I have been unable to find a new
job as many other people working in the financial sector have
also been laid off.”
KHARTOUM, April 24 (Reuters) – Sudan’s currency has risen
around 15 percent on the black market since a deal with South
Sudan to restart oil flows but dealers say the expected inflow
of petrodollars will not end severe hard currency shortages.
There is little trading in the Sudanese pound but its black
market rate against the dollar is watched by foreign firms which
sell products in pounds but often struggle to convert their
revenues into dollars. Companies operating in Sudan include
cellphone operators MTN and Zain, airlines
such as Lufthansa and Turkish Airlines, and
CAIRO, April 14 (Reuters) – Egypt’s central bank sold $600
million to banks in a special auction of foreign exchange on
Sunday to pay for wheat, meat, cooking oil and other essential
imports to a country struggling with a currency crisis.
The size of the auction – 15 times the amount the central
bank has been selling at its regular currency auctions – showed
the extent of pent up demand for dollars as Egypt struggles with
an economic crisis two years after the ousting of Hosni Mubarak.
When Egyptian Christian Kerollos Maher watched on television as petrol bombs and rocks rained on Cairo’s Coptic Orthodox Cathedral he had only one thought – emigration.
CAIRO (Reuters) – When Egyptian Christian Kerollos Maher watched on television as petrol bombs and rocks rained on Cairo’s Coptic Orthodox Cathedral he had only one thought – emigration.
“Egypt is no longer my country,” said the 24-year-old construction worker, standing in the courtyard of the country’s largest cathedral where one Copt and one Muslim died in sectarian clashes this week.