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Finance
Finance
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Saturday 1 October 2011
September 30, 2011 (KHARTOUM) – The Sudanese economy faces collapse unless the international community steps in to provide assistance in the area of debt relief, the foreign minister Ali Karti said on Thursday. A man counts notes (...)
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Thursday 22 September 2011
September 21, 2011 (WASHINGTON) – The economy of post-secession Sudan will experience contraction in growth in the years 2011 and 2012, according to data released by the International Monetary Fund (IMF). Olivier Blanchard(2nd-R), (...)
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Tuesday 23 November 2010
November 22, 2010 (KHARTOUM) – Sudan’s central bank issued a directive on Monday authorizing the foreign exchange bureaus and banks to buy forex at a premium which analysts said effectively amounts to a currency devaluation.
"In order (...)
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Wednesday 7 March 2012
March 6, 2012 (KHARTOUM) – The deputy speaker of the Sudanese national assembly Hagu Gism al-Sid said the parliament will seek to establish "direct dialogue" with the United States Congress in an attempt to correct its distorted image (...)
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Tuesday 6 July 2004
ADDIS ABABA, Ethiopia, July 05, 2004 (AP) — A top economic adviser to U.N. Secretary-General Kofi Annan told African countries Monday to refuse to pay their huge debts if rich countries didn’t cancel them.
U.S. economist Jeffrey Sachs (...)
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Thursday 12 January 2012
January 11, 2012 (ABU DHABI) – As part of the ongoing efforts to mobilise foreign investment South Sudan has signed a Memorandum of Understanding (MoU) with Abu Dhabi Investment Company of the United Arab Emirates (UAE) in order to (...)
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Thursday 8 December 2011
By Julius N. Uma
December 7, 2011 (JUBA) - Kenya Commercial Bank (KCB), East Africa’s largest commercial bank has established a cross-border financial platform as a mechanism to facilitate regional trade and ensure its clients access (...)
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Sunday 19 July 2015
July 18, 2015 (ADDIS ABABA) - The Ethiopian government described as a "success" the United Nations-backed international conference on financing for development held in Addis Ababa. Ethiopian prime minister Haile Mariam Desalegn (...)
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Tuesday 8 July 2014
By Tesfa-Alem Tekle
July 7, 2014 (ADDIS ABABA) – Ethiopia’s House of Peoples’ Representatives (HPR) has unanimously approved 178.5 billion birr (around $9.1 billion) for the 2014-2015 fiscal year budget.
The new budget saw a 15.3% (...)
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Thursday 27 August 2009
August 26, 2009 (JUBA) – The Government of Southern Sudan and the Central Bank of Sudan have resolved to rescue the collapsing Nile Commercial Bank.
Based in Southern Sudan, the Nile Commercial Bank (NCB) was the first commercial (...)
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