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William Ruto's new order

William Ruto's new order

Africa in the Russia-Ukraine war
The Sahel threatened by a jihadist tornado

The Sahel threatened by a jihadist tornado
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SUDAN

Islamic finance set to lose its monopoly

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“Sudan, a new playground for business”
SUDAN

Sudan, a new playground for business

The coup led by General Abdel Fattah al-Burhan on 25 October 2021 has stopped Sudan's transition model dead in its tracks. With a military junta in power, international institutions and Western governments have stopped sending aid to Khartoum as they wait for guarantees from the new administration. Yet important economic reforms launched at the end of 2020 have turned Sudan into a new market which banks and multinationals are hoping to conquer. Meanwhile, Moscow, Beijing, Ankara and the Gulf states have been watching these developments from afar, only mildly condemning the regime change which may well work in their favour as they also try to seize opportunities in this new El Dorado.
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. [...] (579 words)
Issue dated 17/05/2021 Reading time 3 minutes
Finance Business

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