Revival beckons for Sudan as US lifts economic sanctions
Nairobi
THE US removal of sanctions on Sudan may unlock the potential for the government to tap its rich mineral and agriculture resources. Now, the African state needs to carry out the large-scale reforms required to attract investors.
Former president Barack Obama's Jan 13 executive order reversed some measures put in place by the US in 1997, four years after it first listed Sudan as a state sponsor of terrorism. It lifted restrictions on petroleum and petrochemical industries, including oilfield services and oil and gas pipeline transactions by Americans, and also allowed US citizens to process deals involving people in Sudan, and import and export goods.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month
China firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs