Skip to content
  • Facebook
  • X
  • Linkedin
  • WhatsApp
  • YouTube
  • Associate Journalism
  • About Us
  • Privacy Policy
  • 033-46046046
  • editor@artifex.news
Artifex.News

Artifex.News

Stay Connected. Stay Informed.

  • Breaking News
  • World
  • Nation
  • Sports
  • Business
  • Science
  • Entertainment
  • Lifestyle
  • Toggle search form
  • Nearly 3,00,000 Bangladeshis in emergency shelters after floods
    Nearly 3,00,000 Bangladeshis in emergency shelters after floods World
  • PM Modi Arrives In US With Tariffs And Immigration Likely On Agenda: 10 Points
    PM Modi Arrives In US With Tariffs And Immigration Likely On Agenda: 10 Points Nation
  • Taiwan announces special budget of  billion for arms purchases to bolster defence
    Taiwan announces special budget of $40 billion for arms purchases to bolster defence World
  • One dead, 38 missing after Philippine dump site collapse
    One dead, 38 missing after Philippine dump site collapse World
  • Access Denied
    Access Denied Nation
  • Could global warming impede weather and climate forecasting?
    Could global warming impede weather and climate forecasting? Science
  • Iran arrests four over footage of woman’s row with cleric
    Iran arrests four over footage of woman’s row with cleric World
  • Access Denied
    Access Denied Nation
Economy another victim of war in impoverished Sudan

Economy another victim of war in impoverished Sudan

Posted on February 26, 2024 By admin


Before the Sudanese army and paramilitary fighters turned their guns on each other last year, Ahmed used to sell one of Sudan’s main exports: gum arabic, a vital ingredient for global industry.

Now he’s out of business, and his story encapsulates the broader economic collapse of Sudan during 10 months of war.

Since combat between two rival generals began on April 15, Ahmed has been at the fighters’ mercy.

“When the war began, I had a stock of gum arabic in a warehouse south of Khartoum that was intended for export,” Ahmed told AFP, asking to use only his first name for fear of retaliation.

“To get it out I had to pay huge sums to the Rapid Support Forces,” the paramilitaries commanded by Mohamed Hamdan Daglo who are at war with the Sudanese Armed Forces led by Abdel Fattah al-Burhan.

“I had to pay multiple times in areas under their control, before my cargo got to areas controlled by the government,” Ahmed said.

But the government — loyal to the army — “then demanded I pay taxes” on the product, an emulsifying agent used in everything from soft drinks to chewing gum.

When the trucks finally made it to Port Sudan for export on the Red Sea, “authorities again asked for new taxes, and I had to pay storage fees six times more than before the war”, Ahmed said.

His gum arabic — like many other Sudanese products — never made it onto a ship. According to Sudan’s port authorities, international trade fell 23% last year.

‘Decades’ to recover

The finance ministry, which didn’t set a national budget for 2023 or 2024 and has foregone quarterly reports, recently raised the exchange rate for imports and exports from 650 Sudanese pounds to 950.

But that is still far below the currency’s real value.

With most banks out of service, the only exchange rate that matters to ordinary Sudanese is on the black market, where the dollar currently goes for around 1,200 Sudanese pounds.

“It’s a sign of the destruction of the Sudanese economy,” former Sudanese Chamber of Commerce head al-Sadiq Jalal told AFP.

To make matters worse, a communications blackout since early February has hampered online transactions — which Sudanese relied on to survive.

The war has led industries to cease production. Others were destroyed. Businesses and food stocks have been looted.

The World Bank in September said “widespread destruction of Sudan’s economic foundations has set the country’s development back by several decades”.

The International Monetary Fund has predicted that even after the fighting ends, “years of reconstruction” await the northeast African country.

Sudan suffered under a crippled economy for decades and was already one of the world’s poorest countries before the war.

From farming to famine

Under the Islamist-backed regime of strongman Omar al-Bashir, international sanctions throttled development, corruption was rampant, and South Sudan split in 2011 with most of the country’s oil production.

Bashir’s ouster by the military in 2019 following mass protests led to a fragile transition to civilian rule accompanied by signs of economic renewal and international acceptance.

A 2021 coup by Burhan and Daglo, before they turned on each other, began a new economic collapse when the World Bank and the United States suspended vital international aid.

More than six million of Sudan’s 48 million people have been internally displaced by the war, and more than half the population needs humanitarian aid to survive, according to the United Nations.

Thousands of people have been killed, including between 10,000 and 15,000 in a single city in the western Darfur region, according to U.N. experts.

Now the indirect death toll is also rising.

Aid agencies have long warned of impending famine, and the UN’s World Food Programme is “already receiving reports of people dying of starvation”, the agency’s Sudan director Eddie Rowe said in early February.

The Sudanese state “is completely absent from the scene” in all sectors, economist Haitham Fathy told AFP.

Chief among those is agriculture, which could have helped stave off hunger.

Before the war, agriculture generated 35-40% of Sudan’s gross domestic product, according to the World Bank, and employed 70-80% of the workforce in rural areas, the International Fund for Agricultural Development said.

But the war has left more than 60% of the nation’s agricultural land out of commission, according to Sudanese research organisation Fikra for Studies and Development.

In the wheat-growing state of al-Jazira, where RSF fighters took over swathes of farmland south of Khartoum, farmers have been unable to tend their crops. They saw their livelihoods wither away.

From the wheat fields to Ahmed’s gum arabic warehouse, the story is the same.

His savings spent, his stock gone and his future bleak, Ahmed — like much of Sudan’s business class — has closed up shop.



Source link

Business Tags:Sudan economy

Post navigation

Previous Post: How Indian Woman In US Lost Life Savings To Scammer She Met On Hinge
Next Post: Farmers’ Tractor March Today, Delhi-Noida Border Braces For Massive Jams

Related Posts

  • Basic Duties On 8 US Products To Stay, Only Retaliatory Tax Gone: Official
    Basic Duties On 8 US Products To Stay, Only Retaliatory Tax Gone: Official Business
  • A behavioural lens on ‘misvestment’ – The Hindu
    A behavioural lens on ‘misvestment’ – The Hindu Business
  • Access Denied Business
  • Stock markets decline in early trade dragged down by oil and gas shares, foreign fund outflows
    Stock markets decline in early trade dragged down by oil and gas shares, foreign fund outflows Business
  • Rupee declines 11 paise to 83.69 against U.S. dollar
    Rupee declines 11 paise to 83.69 against U.S. dollar Business
  • Beyond survival to dignity: Examining disability inclusion in the Union Budget 2025
    Beyond survival to dignity: Examining disability inclusion in the Union Budget 2025 Business

More Related Articles

FPIs withdraw ₹85,790 cr from Indian equities in Oct on attractive Chinese market valuations FPIs withdraw ₹85,790 cr from Indian equities in Oct on attractive Chinese market valuations Business
Markets decline in early trade on weak global trends, foreign fund outflows Markets decline in early trade on weak global trends, foreign fund outflows Business
Rupee falls 20 paise to all-time low of 95.86 against U.S. dollar in early trade Rupee falls 20 paise to all-time low of 95.86 against U.S. dollar in early trade Business
Access Denied Business
NCLT directs to initiate insolvency proceedings against Syska LED Lights NCLT directs to initiate insolvency proceedings against Syska LED Lights Business
Access Denied Business
SiteLock

Archives

  • October 2026
  • September 2026
  • August 2026
  • July 2026
  • June 2026
  • May 2026
  • April 2026
  • March 2026
  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Business
  • Nation
  • Science
  • Sports
  • World

Recent Posts

  • BJP party worker killed in Bengaluru as high-end car rams gas tanker near Devanahalli; three injured
  • Ranji Trophy: Bengal picks up Delhi’s gauntlet to win by nine wickets
  • Stock markets close lower amid elevated crude oil, rising inflation
  • C.Ve. Shanmugam wants AIADMK leadership to consult with functionaries over party’s bypoll loss
  • Activists allege tender for beach pathway for persons with disabilities is incomplete

Recent Comments

  1. RobertTes on UP Teacher Who Asked Students To Slap Muslim Classmate
  2. Manuelret on UP Teacher Who Asked Students To Slap Muslim Classmate
  3. RobertTes on UP Teacher Who Asked Students To Slap Muslim Classmate
  4. RobertTes on UP Teacher Who Asked Students To Slap Muslim Classmate
  5. BrentWes on UP Teacher Who Asked Students To Slap Muslim Classmate
  • Access Denied Business
  • China launches coast guard patrol east of Taiwan despite international pushback
    China launches coast guard patrol east of Taiwan despite international pushback World
  • China slams India’s move of formally naming 27 places in Arunachal Pradesh
    China slams India’s move of formally naming 27 places in Arunachal Pradesh World
  • Ditwah cyclone: Indian envoy Santosh Jha reaffirms support for Sri Lanka
    Ditwah cyclone: Indian envoy Santosh Jha reaffirms support for Sri Lanka World
  • Quantum test shows cause, effect need not follow a set order
    Quantum test shows cause, effect need not follow a set order Science
  • Northeast Students Hold Protest In Delhi, Call For Peace, Unity In Manipur
    Northeast Students Hold Protest In Delhi, Call For Peace, Unity In Manipur Nation
  • Celebrating a sage king, a celebration of India-Bhutan ties
    Celebrating a sage king, a celebration of India-Bhutan ties World
  • Australia PM XI Skipper Jack Edwards ‘Excited To Play Against Best In The World’ Rohit Sharma, Virat Kohli
    Australia PM XI Skipper Jack Edwards ‘Excited To Play Against Best In The World’ Rohit Sharma, Virat Kohli Sports

Editor-in-Chief:
Mohammad Ariff,
MSW, MAJMC, BSW, DTL, CTS, CNM, CCR, CAL, RSL, ASOC.
editor@artifex.news

Associate Editors:
1. Zenellis R. Tuba,
zenelis@artifex.news
2. Haris Daniyel
daniyel@artifex.news

Photograher:
Rohan Das
rohan@artifex.news

Associate Journalists
1. Subrata Paul - AN/2020/01
2. Quamruz Zaman - AN/2021/22
3. Ahmed Sha - AN/2021/035
4. Ajay Kumar Shaw - AN/2021/39
5. Tahqiqul Hoda - AN/2021/21

Artifex.News offers Online Paid Internships to college students from India and Abroad. Interns will get a PRESS CARD and other online offers.
Send your CV (Subjectline: Paid Internship) to internship@artifex.news

Links:
Associate Journalism
About Us
Privacy Policy

News Links:
Breaking News
World
Nation
Sports
Business
Entertainment
Lifestyle

Registered Office:
72/A, Elliot Road, Kolkata - 700016
Tel: 033-22277777, 033-22172217
Email: office@artifex.news

Editorial Office / News Desk:
No. 13, Mezzanine Floor, Esplanade Metro Rail Station,
12 J. L. Nehru Road, Kolkata - 700069.
(Entry from Gate No. 5)
Tel: 033-46011099, 033-46046046
Email: editor@artifex.news

Copyright © 2023 Artifex.News Newsportal designed by Artifex Infotech.