KHARTOUM – Sudan’s oil revenues for October reached a high $608.76 million dollars despite recent slam in international oil prices, Sudan news Agency had reported. The undersecretary at the national Ministry of Finance Dr. Al-Tayeb Abu-Ganaya had reported that oil exports revenues had reached $415...

By BADRU MULUMBA. JUBA, 25 November 2008-A draft law has been passed that puts a threshold of $500,000 for foreign investors seeking to operate in South Sudan. The Investment Promotion Bill, approved by Parliament yesterday, only awaiting the signature of the President of the Government of South...

SAO PAULO, BRAZIL - The governments of Brazil and Sudan have signed a protocol of understanding for cooperation and bilateral communication in the areas of sanitary health, animal products and other animal husbandry affairs of mutual interest. The document was signed November 21, in São Paulo, by...

NAIROBI - IFC, a member of the World Bank Group, has announced that it will explore investment opportunities in southern Sudan, one of Africa's poorest conflict-affected regions, following successful investment climate reforms. IFT said in statement received here on Wednesday that the new...

MALAKAL -  Manyo county commissioner has called on the Ministry of Agriculture and Forestry in the Government of Southern Sudan to protect the trees that produce gum arabic in the county, adding that the gum is a valuable resource which can generate income for Sudan. Commissioner Al-Tayib...

BEIJING - Sudan has set its oil production target for 2009 at 600,000 barrels per day (bpd), an increase of 20 percent from 500,000 bpd this year, the country's mining and energy minister said on Friday. "Next year, 600,000 bpd," al-Zubeir Ahmed al-Hassan told reporters in Beijing, where he is...

MALAKAL, SUDAN - The Government of Upper Nile state says it will not sell its gum Arabic to any Khartoum-based companies this year. Speaking to Sudan Radio Service in Malakal on Friday, Manyo County Commissioner El–Tayib Ajang said that because Khartoum-based companies do not pay the prices the...

JUBA, SUDAN – A project by the Government of Southern Sudan (GoSS) to address the rising costs of food items will receive a grant of 5m United States dollars from the World Bank. The grant agreement was signed today in Juba by the Minister of Finance and Economic Planning Mr. Kuol Athien Mawien on...

TOKYO - Sudan has offered via a tender 2 million barrels of acidic Dar Blend crude for November loading, a trader said on Friday. Sudan has offered two 1-million-barrel cargoes, with one loading between November 1 and November 3 and the other between November 29 and Dec 3. The tender closes on...

Philip Wahome  Equity Bank is hoping to use its cellphone banking solution, Eazzy 24/7, to leverage its expansion into Southern Sudan by the end of the year. The listed bank's chief executive, Dr James Mwangi, on Tuesday confirmed that the financial institution had already obtained approvals...