Sudan expects the economy to grow by 5.1% in 2019 against 4% in 2018, according to the government's draft bill adopted on December 19, 2018.
The draft bill also expects the budget deficit to drop from 3.7% in 2018 to 3.3% in 2019.
Exports should rise by 30% in 2019 while the government’s revenues will increase by 39% to SDG162.3 billion ($3.43 billion) according to the forecasts.
"The 2019 budget is based on real resources and disciplined expenditures," said prime minister Moataz Moussa (photo), indicating that the government is focused on an increase of the oil, wheat and sugar production as well as important investments in the digital economy.
In another statement, the head of state Omar al-Bashir announced a reduction of oil subsidies indicating that there could not be any real economic reform while leaving those subsidies untouched. The head of state also explained that Sudan was still united and stable despite an important loss of oil revenues after the separation with South Sudan in 2011.
Following this separation, Sudan lost ¾ of its oil production, which used to represent 90% of exports and 40% of the budget.
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
Algeria plans to launch construction of the $13 billion Trans-Saharan Gas Pipeline (TSGP) a...
West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan wit...
Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors w...
Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...
Ghana’s GoldBod targets 127 tonnes annual ASM output Weekly purchases of 2.45 tonnes planned ASM output hit record 96.4 tonnes in 2025 Ghana’s...
Six Congo Basin nations launch carbon market roadmaps Plans aim to align with Paris Agreement rules Forests stored 90.9 billion tons of carbon Six...
Djibouti seeks AfDB funding for delayed Biidley Airport Project aims for 1.5 million passengers annually Airport central to 2035 regional logistics...
Pope Leo XIV to tour four African nations April 13-23 First Africa visit since 2025 election Trip highlights continent’s growing Catholic...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...