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SUDAN

Paris conference gives Hamdok two days to win over creditors

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“Debt diplomacy”

AFRICA

Debt diplomacy

Because the fight to contain it has involved the use of public funds, the Covid-19 pandemic has led to an explosion of debt throughout Africa, forcing countries to seek a moratorium from the G20 and bring in consultants to help them negotiate with their sovereign, private sector and institutional creditors. In the West, the growth of African countries' debt has led to fierce competition between private and public sector creditors to obtain repayment of their debts. China is also involved but has shown little inclination so far to reschedule African countries' debts.

Sudanese Prime Minister Abdallah Hamdok. © @SudanPMHamdok/Twitter

Sudan's top lenders are due in the French capital on 17 May to decide whether to relieve Khartoum's debt. [...] (392 words)

Issue dated 06/05/2021 Reading time 2 minutes

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Business

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SUDAN
Abdallah Hamdok
African Export-Import Bank
Alhadi Mohamed Ibrahim
Antony Blinken
Benedict Okey Oramah
Emmanuel Macron
European Chamber of Commerce in Sudan
Gibril Ibrahim
Hafez Ghanem
International Monetary Fund
Janet Yellen
Jihad Azour
Joe Biden
Medef
Mohamed bin Salman
Mohamed bin Zayed
Mohamed Elfatih Zainelabdeen
United Nations Economic Commission for Africa
Vera Songwe
World Bank
Youssef Altinay

Gulf and Asian countries keep a close eye on African and Western mediation in the Horn

With or without special envoys, the United Arab Emirates, Saudi Arabia, China and Japan have ordered their diplomats to monitor the conflict and peace talks in Tigray closely.

HORN OF AFRICA Diplomacy 08/10/2021

Macron bolsters French presence in Horn Free

Ambassador Frédéric Clavier is to be France's new special envoy for the Horn of Africa. His job will be to follow the conflict in Tigray and consolidate the work of his predecessor in Sudan since 2019.

Ethiopian prime minister Abiy Ahmed Ali and French president Emmanuel Macron.

Spotlight

SUDAN UNITED STATES Business 26/07/2021

USAID gets off to inauspicious start in tackling Sudan's debt

With the United States, France and the United Kingdom all vying to become the partner of choice of the new regime in Sudan, the American development agency USAID, which was to select and finance an advisory bank to assist Sudan in restructuring its debt, has fluffed its lines and the tender call currently remains in limbo.

SAUDI ARABIA SUDAN Business Diplomacy 15/07/2021

Riyad looks to set up shop in Khartoum

Saudi Arabia is insistently courting Prime Minister Abdallah Hamdok's government for its neighbour's arable land.

Le Forum saoudien d'investissement au Soudan qui s'est déroulé à Riyad du 5 au 9 juillet.

SUDAN Diplomacy 07/07/2021

Act II of debt reduction to play out in Paris next week

Late last month Sudan returned the IMF's and the World Bank's fold, winning an initial $2.4bn loan as well as integration into the HIPC debt reduction initiative. Next week it is due negotiate a mammoth debt write-off package in the French capital.

In Focus

SUDAN Politics 21/06/2021

Sudan leaders move transition goalposts to cling to power

After president Omar al-Bashir was deposed in 2019, a deal was struck to share power between military and civilian leaders for a transitional period leading to elections in December next year. But the ruling Sovereignty Council set up by that deal is stealthily finding ways to postpone the polls, which now will not happen before 2024.

AFRICA HORN OF AFRICA Business 08/06/2021

French bosses union Medef revamps its African staff

The Africa branch of the French employers' association may be getting a new head of East Africa on top of the confirmed change of director.

SUDAN Energy Business 25/05/2021

Siemens inches closer to solar farm deal

During last week's conference in Paris, the German group began advanced talks with the delegation from Sudan, where the government has made the development of photovoltaic energy production a priority.

Sudan's Prime Minister Abdalla Hamdok. © Sarah Meyssonnier/Pool/EPA/Newscom/MaxPPP

Spotlight

SUDAN Finance Business 21/05/2021

Hamdok turns to advisory banks for major financial sector overhaul

Sudan's next major undertaking will be the reform of its financial system. Several international banks are on hand to advise the government in the task.

CENTRAL AFRICA Diplomacy 20/05/2021

CEMAC leaders brood over exclusion from Paris summit

Denis Sassou NGuesso, much to the irritation of his fellow Central African heads of state, was the only one among them who managed to get himself invited to the Paris summit on the financing of African economies.

SUDAN Mining Business 17/05/2021

Orca Gold readies to sign $300m deal with Hamdok

Breaking news published on 17/05/21 at 10:55 am - On the sidelines of the "Friends of Sudan" conference in Paris on Monday, Canadian firm Orca Gold is poised to formalise an agreement with the Sudanese government.

SUDAN Finance Business 17/05/2021

Islamic finance set to lose its monopoly

As part of its economic reform programme, Sudan is putting in place a two-track system where Islamic and conventional finance will operate side by side.

SUDAN Politics 10/05/2021

Hamdok prepares Sudan for regional autonomy

Sudan, whose federalism has until now remained largely theoretical, is working to grant fiscal and budgetary autonomy to a set of newly drawn regions. This is one of the projects that Prime Minister Abdalla Hamdok plans to present to donors next week in Paris.

SUDAN Business 09/04/2021

Hamdok takes over the army's business assets

After taking control of companies funded by Islamist parties close to the fallen regime of Omar al-Bashir, the Sudanese government has now got hold of 431 firms managed by the army.

SUDAN Politics 30/03/2021

New investment minister Al-Hadi Mohamed takes on push-me-pull-you role

Sudan's minister of investment and international cooperation Al-Hadi Mohamed Ibrahim will have to accept a few contradictions in order to carry out his new role.

SAUDI ARABIA SUDAN Diplomacy 26/03/2021

MbS steps up to plate for Khartoum

Saudi Crown Prince Mohammed bin Salman is expected to attend a major conference for Sudan's international creditors in Paris on 17 May organised by Emmanuel Macron.

SUDAN Business 15/03/2021

Hamdok under pressure to do away with debt

The prime minister's recent visits to Cairo and Riyadh were in part intended to enable Sudan to move forward on its debt. At a time when the country's finances are at their worst, Khartoum is grappling with the opposing forces of citizens' discontent and external pressure to carry out unpopular reforms.

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SUDAN
Abdallah Hamdok
African Export-Import Bank
Alhadi Mohamed Ibrahim
Antony Blinken
Benedict Okey Oramah
Emmanuel Macron
European Chamber of Commerce in Sudan
Gibril Ibrahim
Hafez Ghanem
International Monetary Fund
Janet Yellen
Jihad Azour
Joe Biden
Medef
Mohamed bin Salman
Mohamed bin Zayed
Mohamed Elfatih Zainelabdeen
United Nations Economic Commission for Africa
Vera Songwe
World Bank
Youssef Altinay

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Paris conference gives Hamdok two days to win over creditors

Debt diplomacy

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2 options offered to continue reading

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Set up email notifications for these topics

Gulf and Asian countries keep a close eye on African and Western mediation in the Horn

Macron bolsters French presence in Horn Free

USAID gets off to inauspicious start in tackling Sudan's debt

Riyad looks to set up shop in Khartoum

Act II of debt reduction to play out in Paris next week

Sudan leaders move transition goalposts to cling to power

French bosses union Medef revamps its African staff

Siemens inches closer to solar farm deal

Hamdok turns to advisory banks for major financial sector overhaul

CEMAC leaders brood over exclusion from Paris summit

Orca Gold readies to sign $300m deal with Hamdok

Islamic finance set to lose its monopoly

Hamdok prepares Sudan for regional autonomy

Hamdok takes over the army's business assets

New investment minister Al-Hadi Mohamed takes on push-me-pull-you role

MbS steps up to plate for Khartoum

Hamdok under pressure to do away with debt

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Paris conference gives Hamdok two days to win over creditors

Debt diplomacy

This article may be accessed by subscribers and e-wallet holders (USD 19.50)

2 options offered to continue reading

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Set up email notifications for these topics

Gulf and Asian countries keep a close eye on African and Western mediation in the Horn

Macron bolsters French presence in Horn Free

USAID gets off to inauspicious start in tackling Sudan's debt

Riyad looks to set up shop in Khartoum

Act II of debt reduction to play out in Paris next week

Sudan leaders move transition goalposts to cling to power

French bosses union Medef revamps its African staff

Siemens inches closer to solar farm deal

Hamdok turns to advisory banks for major financial sector overhaul

CEMAC leaders brood over exclusion from Paris summit

Orca Gold readies to sign $300m deal with Hamdok

Islamic finance set to lose its monopoly

Hamdok prepares Sudan for regional autonomy

Hamdok takes over the army's business assets

New investment minister Al-Hadi Mohamed takes on push-me-pull-you role

MbS steps up to plate for Khartoum

Hamdok under pressure to do away with debt

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: