Monday, May 18, 2009
Reuters Video Report: Sudan to hold elections in coming year
Tuesday, May 12, 2009
Sudan says economy to grow 4-6 percent in 2009
* Sudanese economy to grow 4-6 percent in 2009
* Animal resources exports to contribute to growth
* Inflation to fall to 8-9 percent in 2009
* U.S. sanctions shielded Sudan from global crisis
By Yara Bayoumy
KHARTOUM, May 11 (Reuters) - Sudan expects its economy to grow by up to 6 percent this year, helped by increasing revenues from the export of livestock and related products, the country's finance minister said.
Sudan, a modest oil producer, had recorded GDP growth of 8-9 percent last year, Finance and National Economy Minister Awad Ahmed al-Jaz told Reuters in an interview on Sunday.
The central bank recently revised down its growth forecast to 5 percent because of the global financial crisis and falling oil prices.
"We are estimating that we will achieve 6 percent growth, even though others are reporting negative and zero growth, we are comfortable with 4-6 percent growth and that is versus 8-9 percent in 2008," Jaz said in his office in Khartoum.
The whole story is here.
Sudan Telecommunications Report Q2 2009
Sudan Telecommunications Report Q2 2009 Sudan has a telecoms market with high growth potential. Mobile penetration was estimated at just over 27% at the end of 2008, leaving nearly 29mn potential subscribers in the country - a fairly attractive prospect for operators. However, in common with many high growth potential markets, demand is coming from the bottom of the market, and therefore ARPUs are low.Read the whole article here.
Tuesday, May 5, 2009
Businesses in Southern Sudan: ABM
ABM, Aggregate and Building Materials, is such a business.
South Sudan's newest and largest supplier of crushed stone and building aggregates, ABM is a great example of investors applying energy and capital to meet an obvious long-term demand. As a construction novice myself, aggregate is needed for any concrete-related construction. It is mixed with cement to make concrete (overly simplistic, I know, but bear with me folks).
Anyway, the point to highlighting ABM is due to a few readers contacting us about business ideas. To give a blanket answer to that question, the businesses that will flourish in South Sudan are development related, simple in concept, and scalable. Oh and properly managed.
Check out ABM's website here.
Monday, May 4, 2009
Introducing White Bull Lager, Southern Sudan's first locally-produced beer
Another Juba first!
From their release:
Southern Sudan Beverages Proudly Introduces White Bull Lager!
JUBA -- Southern Sudan Beverages Ltd, (SSBL) is proud to introduce Southern Sudan’s first locally produced beer, White Bull Lager. White Bull Lager is a carefully crafted beer, specifically brewed to meet the tastes of the Southern Sudanese consumer. It is the culmination of several years’ planning, testing, delivery-process development, local partnership building, and most importantly, quality assurance second to none.
A hearty congratulations to the whole SSBL and SABMiller team on this historic and momentous occasion.
South Sudan's development has knock on effects for whole regions' economy
Read the full story here.Already the effects of opening up to South Sudan are paying off dividends for Kenyans and Ugandan farmers.
Prices of animals and produce have doubled and quadrupled. This is good for business. There is pretty much to tap from Sudan, including jobs, construction and tourism. The reverse is also true. In the coming years, road and rail will form a significant part of life. Rail on.
South Sudan has leap-frogged many of Uganda's traditional trading partners and become the third after Kenya and the EU.