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.
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...
MindHYVE.ai and IUCEA partner to expand AI training across 170+ East African universities Agreement provides access to advanced agentic-AI tools,...
Transnet and ICTSI sign a 25-year partnership to upgrade Durban’s Pier 2 terminal Private investment aims to boost capacity to 2.8 million TEU and...
The NDS 2 strategy prioritizes rail rehabilitation to support mining and ease road pressure A new 217-km railway from Lion’s Den to Kafue will...
Parliament clears Ivanhoe Atlantic to operate the key Yekepa–Buchanan rail corridor Deal includes nearly $1 billion in fees and $800...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...