The Agricultural Bank began financing farmers in preparation for the winter season, especially the strategic wheat crop, by providing all inputs of production, including seeds, fertilizers, financing, the preparation processes, fuel and labors.

The Bank of Sudan agreed to increase the funding limit of the wheat crop exceptionally to 200 thousand pounds under the guarantee"...

The European Investment Bank (EIB) has formally agreed to support membership expansion of the African Trade Insurance Agency (ATI) with a concessional financing facility to cover the shareholding of three prospective members - Cameroon, Niger and Togo.

This represents the first time the European Investment Bank has backed ATI’s membership expansion. Unlocking additional investment insurance is expected to transform public and private sector"...

The value of the Sudanese Pound (SDG) continues to drop against major international currencies, despite plans to revive the country’s shattered economy.

On Sunday, the Dollar cost SDG 78 after trading for SDG 77 at the end of last week. The Saudi Riyal is trading for SDG 6.20 UAE Dirham at SDG 21, and a Euro costs SDG 88.

It seems that the Forex market has yet to"...

The Transitional Prime Minister Abdullah Hamdouk has inaugurated, Monday, the new building of Sudan Central Bank’s branch in Al Fashir, the capital of North Darfur state.

The branch’s manager, Abdul Aziz Abdul Rahman, has briefed the Prime Minister on the availability of liquidity and regularity of cash flows to the state, as well as the economic projects"...

The Sudanese pound dropped against U.S dollar again on “Monday”, a few days after the relative rise against the U.S dollar in the parallel market “black” in Khartoum. The exchange rate of the dollar against the Sudanese pound to reach 76 pounds in the parallel market, compared with (73) at the end of last week.

The parallel market has been stable"...

The Central Bank of Sudan (CBoS) has set a plan to overcome poverty, the plan targeted the limited income community groups, the “Family Bank” is one of the effective mechanisms, as well as the other commercial and professional Banks, that oriented by the CBoS to allocate 12% of its capitals for micro fiancé projects.
The idea based on simple procedures, it requires a feasibility studies for any productive project, in 2000 the Banks used to supply the applicants with 3000 SDGs, but by the course of"...

Khartoum Oct 23 (SUNA)- Deputy Manager for investment at Farmers’ Bank Nair Issa assured the bank concern about the social economic development projects.

In his statements before national television forum launched at SMC premises entitled “Economic Challenges During Transition period” that the bank concern about the basic infrastructures for electric energy projects besides financing graduates’ projects, of medium and small"...

The Sudanese Pound (SDG) has hit new lows against major international currencies as uncertainty in the ailing Sudan economy persists.

On Monday, the buying rate for the US Dollar on the streets of Khartoum was a record SDG 74, with the greenback selling for SDG 75. According to currency dealers, on Monday, the Euro (EUR) was trading at SDG81 to buy and SDG83 for sale."...

The U.S. dollar reached a new peak on Sunday against the Sudanese pound, hitting a record of 75 pounds. The historic fall of the Sudanese pound against the dollar comes as the new transitional government failed to draw international financial and economic support to the country’s ailing economy. Dealers in the parallel market who spoke to “Sudan Tribune said that the market closed on Sunday evening at the selling rate? of the US dollar was at 75 pounds while the buying rate at 74 pounds. Traders attributed the"...