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

How Salva Kiir going to be remembered in South Sudan history? 2019-07-21 07:16:53 By Lul Gatkuoth Gatluak This article is focusing on Salva Kiir’s South Sudan Independence Day address, his successes, failures and most importantly, how history will judge and remember him since (...)

Why Sudanese should cautiously celebrate the political declaration? 2019-07-20 05:47:52 By Luka Biong Deng Kuol As Sudanese have every reason to celebrate the political declaration signed by the Forces for Freedom and Change (FFC) and Transitional Military Council (TMC), one may (...)

Change in Sudan requires consensus between civilian and armed forces 2019-07-20 05:47:42 By Mahmoud A. Suleiman Cleansing the Effects of the Systematic Demolition of the State of Sudan Over the past 30 years requires a minimum consensus agreement between the components of the (...)


Latest Press Releases

Sudanese lawyers and Human rights defenders back calls for civil rule 2019-04-26 10:22:06 Press statement by 55 Sudanese lawyers and Human rights defenders on Sudan Sit-in and Peaceful Protest Khartoum -24/04/2019 We, the undersigned (55) Sudanese lawyers and human rights defenders, (...)

South Sudan’s Lafon youth condemn killings of civilians by Pari community 2019-04-03 21:54:29 Press Statement on the Fighting between Pari/ Pacidi and Lotuko/Lokiri on 24/3/2019 Release by The Lafon County Youth Union: We, the Lafon County Youth Union hereby condemn the atrocities and (...)

Joseph Malwal Dong joined the SPLM/A -IO 2019-04-02 08:35:02 SPLM/A (IO) Press Release 1/4/2019 On Hon. Joseph Malwal Dong Joined the SPLM/A (IO) The leadership of the SPLM/A (IO) would like to seize this precious opportunity to announce to members and (...)


Copyright © 2003-2019 SudanTribune - All rights reserved.