November 13, 2018
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November 13, 2018

Khartoum- The Governor of the Central Bank of Sudan (CBOS) Dr. Mohamed Khair Al Zubair received at his office yesterday the CEO of the French Enterprise Bank in the presence of the Ambassador of France to Sudan and Deputy Secretary General of the Sudanese Businessmen Union Bakri Yusuf.
The French Ambassador, speaking at the outset of the meeting, lauded the deep rooted bilateral relations between the two countries, especially the cultural and economic relations, saying that they are to embark on direct dealings with Sudan"...

 

November 13, 2018

Bank of Kigali investors have lost an estimated $7.5 million after its stock, trading on Rwanda bourse, shed 3.4 per cent of its value from December 2017 to November 8.

The market value of the bank has plummeted from Rwf195 billion ($218.5 million) to Rwf188.2 billion ($211.6 million), brought down by old shareholders selling their shares at lower prices to raise capital and increase their stakes in the Bank of Kigali rights issue.

Rwanda’s"...

November 13, 2018

Africa’s largest cement firm, Dangote, could enter the Kenyan and Rwandan market through buying out troubled Athi River Mining (ARM) Cement before mid-next year, which will see it control the region's cement market.

The buyout, if successful, will supersede the Nigerian cement maker’s earlier plans of entering the region constructing two factories in Rwanda, three in Dar es Salaam, one in Burundi and another in Jinja, Uganda.

...

November 13, 2018

Kenya intends to ban the use of mercury in the artisanal and small-scale gold mining to protect workers and conserve the environment.

With research showing that small-scale gold miners in Kenya are among the most exposed to mercury in the world, the government has instituted measures to phase out use of the toxic chemical in gold mining.

According to Mining Principal Secretary"...

November 13, 2018

The government of South Sudan has failed to commit to reimburse the government of Uganda for compensation of traders for losses incurred after the breakout of fighting in 2013.

While the Ugandan parliament approved the compensation of at least $40 million (Ush150 billion) to some ten companies that the government said had been verified, the payment has remained in limbo over failure to secure Juba’s undertaking on the debt.

The"...

November 13, 2018

November 12, 2018 (KHARTOUM) - Sudan is preparing to launch over 30 oil exploration bids next year in an attempt to lure western companies to reinvest in its petroleum industry after the left of economic sanctions, the Financial Times reported on Monday.

'Now, as relations between Sudan and the US improve, the ministry of petroleum plans to tender 30 to 35 new oil blocks in the second half of next year to revive exploration activity in the country,'"...

November 13, 2018

Wad Medani- Minister of Labor, Administrative Reform and Human Resources Development Bahr Idris Abu Garda has announced reopening of technical and agricultural schools in Sudan for boosting agricultural processing industry in the country.
The Minister, addressing launching ceremony of Field Marshal Al Bashir Center for Vocational Agricultural Training in Wad Medani, capital of Gezira State, yesterday, said that they are working for reforming capacity building and training to cope with development in the agricultural and"...