KHARTOUM (Reuters) – Germany will host a Sudan investment conference this month which was postponed after its embassy in Khartoum was stormed last year, officials and diplomats said on Monday.
Sudan is trying to attract more investment to overcome a severe economic crisis after losing most oil reserves to South Sudan when it became independent in 2011. Most Western companies shun the country due to a U.S. trade embargo.
KHARTOUM (Reuters) – The leaders of Sudan and South Sudan meet on Friday to make another attempt to defuse hostilities after their countries split and restart cross-border oil flows to throw their beleaguered economies a lifeline.
Sudan’s Omar Hassan al-Bashir and South Sudan’s Salva Kiir have both signaled possible concessions at the talks in Addis Ababa to end a stalemate over how to set up a demilitarized buffer zone after the countries came close to war in April.
EN NAHUD, Sudan, Jan 2 (Reuters) – Counting piles of
banknotes in front of his tiny warehouse, Sudanese trader Maaz
Adam is arranging yet another purchase of a red g u m which may
find its way into a bottle of soda pop drunk a world away from
this dusty town.
“I bought today 25 sacks for around 10,000 to 11,000 pounds
(around $1,500 at the black market rate),” he says, putting the
banknotes in the suitcase of another trader who is preparing to
seek more supplies of gum arabic from village farmers.
KHARTOUM/JUBA (Reuters) – The leaders of Sudan and South Sudan will meet on Friday to discuss how to improve border security and resume vital oil flows, both sides said on Tuesday as the feuding African neighbors signaled possible concessions.
The countries, which fought one of Africa’s longest civil wars ending with a peace deal in 2005, signaled concessions ahead of the summit.
ROSEIRIS, Sudan (Reuters) – Sudan launched a major dam project on Tuesday to boost power supply and agricultural irrigation, a plan officials hope will foster farmland exports and attract more Gulf investment to the African country as it battles an economic crisis.
Faced with the loss of most of its oil reserves with South Sudan’s secession in 2011, Sudan plans to increase exports of agricultural goods, such as wheat, fruits, oil seeds and gum arabic. Oil was the primary source of income for the country’s budget as well as dollars needed to fund imports.
ROSEIRIS, Sudan/JUBA (Reuters) – Sudan and South Sudan said on Tuesday they wanted to set up a demilitarized border zone, signaling possible concessions ahead of a summit which will test whether they can mend ties and restore vital oil flows.
Sudan’s President Omar Hassan al-Bashir and South Sudan’s Salva Kiir are expected to hold a summit this month hosted by the African Union to discuss how to secure their disputed border after the neighbors came close to war April.
PORT SUDAN, Sudan (Reuters) – A second visit by Iranian warships in little over a month risks widening divisions inside the Sudanese government and upsetting the African country’s Gulf Arab donors.
Ties between Sudan and Iran have come under increased scrutiny in recent weeks. Two Iranian navy ships also visited in October, days after Sudan accused Israel of bombing a weapons factory in the capital Khartoum.
KHARTOUM, Dec 5 (Reuters) – Sudan plans to close the gap
between official and black market exchange rates through higher
earnings from resources like gold and oil instead of devaluing
the pound again, a vice-president said on Wednesday.
Sudan has been in economic crisis since South Sudan seceded
last year, taking with it three-quarters of the once unified
nation’s oil output. This had been Sudan’s main source of
revenues and the dollars it needs to pay for imports.
KHARTOUM (Reuters) – Sudan will not allow South Sudan’s oil exports to flow through its territory until Juba cuts ties with anti-Khartoum rebels and expels their leaders, a Sudanese vice president said on Wednesday, dampening hopes that bilateral tensions were over.
In a rare interview with foreign media, Sudan’s Second Vice President al-Haj Adam Youssef also dismissed rumors that President Omar Hassan al-Bashir was in poor health, and said senior officers arrested for planning a coup against the veteran leader last month would get a fair trial.
KHARTOUM (Reuters) – Shop assistants display expensive Italian baby clothes in a vast showroom, waiters in white shirts serve latte in trendy cafes and an army of cleaners mops the floors – Khartoum’s new al-Waha mall is a world away from the rest of Sudan.
Owners of the mall, with its shiny elevators and air-conditioning, promise a shopping revolution in a city where battered cars and donkey carts make their way down bumpy roads lined with street vendors.