Home | News    Saturday 22 June 2013

Sudanese minister criticizes central bank


June 21, 2013, (KHARTOUM) - The Sudanese investment minister Mustafa Osman Ismail, has criticized the policies of the central bank regarding implementation of the tripartite economic program and the lack of a mechanism for evaluation, review, and follow-up.

JPEG - 19.8 kb
Sudan’s investment minister, Mustafa Osman Ismail, speaks at a news conference in Doha on 8 April 2013 (Photo: STR/AFP/Getty Images)

Ismail, who was addressing a session on finance, investment, and tax benefits at the first business performance conference, said that the tripartite program should end next year, calling upon the central bank and the finance ministry to get the media acquainted with the steps which have been undertaken so far.

The tripartite program was meant to help Sudan cope with the impact of losing most of the country’s oil after South Sudan secession in July 2011.

The Sudanese official also chided the finance ministry for the delays in granting tax breaks for investors.

Last month, Ismail criticized Sudan’s current constitution saying that it does not help advance investments in the country and creates problems between the National Investment Council and the state governments which derive their authority from local laws.

“State taxes imposed on cement factories in Nahr al-Neel state have led to a 50% reduction in cement production” the minister cited as an example.

But Ismail also acknowledged that lack of coordination between the federal government and the states is the main cause behind the stumbling of domestic investments.

He further said that the central bank’s policies prevent foreign investors from using funding of local banks and underscored the need to invest states’ deposits into local banks.

The minister also called for granting investors pieces of land which are free from disputes.

Last April, hundreds of Om Doum residents in Khartoum staged demonstrations, blockading the main street and setting tires on fire to express fury against what they say are government plans to give away part of their lands to a Saudi investor.


Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 22 June 2013 10:41, by Mabor

    You must now face the music of not think twice to shut down the South Sudan oil through your pipe line hope the investors will not progress due to poor attitudes of NISS and Bashir directives.
    The loose of your local currency against USD does not encourage investors to invest otherwise you will be in much crisis if you don’t want open the oil pipe lines.
    Fuck you Bashir with your poor directives

    repondre message

Comment on this article

The following ads are provided by Google. SudanTribune has no authority on it.

Sudan Tribune

Promote your Page too

Latest Comments & Analysis

South Sudan’s universities should explore other revenues 2019-03-17 20:33:06 By Ukongo Benson Athia Of recent, it transpired that the five public universities dons have advanced their cause to increase the tuition fees for the students. I have seen such complaints of (...)

Pressure from the people in Sudan 2019-03-17 10:55:35 The longer genuine political and economic reform is delayed in Sudan, the greater the risk of wider instability and deepening economic crisis. By Rosalind Marsden President Omar al-Bashir, who (...)

Sudan’s al-Bashir burnt the boats before crossing 2019-03-11 06:19:03 By Mahmoud a. Suleiman Second Military Coup D’état of Omer Bashir will Not Protect him from his inevitable fate at the hands of the uprising Sudanese people The angry uprising men, women and (...)


Latest Press Releases

Sudan Protests: Investigate the custodial death of three University students 2019-03-13 12:53:14 The African Centre for Justice and Peace Studies (ACJPS) Sudan Protests: Urgent call for investigations into the custodial death of three University students and alleged torture of detainees by (...)

The Alliance for Restoration of Sudanese Workers Trade Unions Joins the Declaration of Freedom and Change 2019-03-10 21:16:50 PRESS RELEASE For immediate release 10 th March 2019 The Alliance for Restoration of Sudanese Workers Trade Unions announced on Sunday 10th March that it was joining the revolutionary forces (...)

Ethnic Murle politicians say enough to cattle raiding 2018-12-28 09:32:00 December 27, 2018 (JUBA) - Murle political leaders in Buma state have vowed to end the practice of cattle raiding and child abduction by individuals in the community. Jodi Jonglei, who is also (...)


Copyright © 2003-2019 SudanTribune - All rights reserved.