As Sudan’s economy shows signs of recovery, privatization continues
The Head of the Sudanese Banks Associations, Hussein Al-Mofty, was recently cited in Al-Watan newspaper, stating that the national economy has begun to show recovery symptoms over the past two years, with the local economic growth rate reaching as high as 6.5 percent. In addition, the local petroleum sector has improved noticeably, and thus, oil exports have begun to constitute a new source of foreign currency.
Al-Mofty asserted that, so far, the Sudanese privatization scheme has been moving smoothly. The privatization program has achieved noticeable success, alluring local Arab and foreign investments into the country, mainly into the local telecommunication sector. Al-Mofty added that the government has undertaken the necessary measures to avoid the adverse impacts of the privatization scheme. –(Albawaba-MEBG)
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