Sudan’s Cabinet approved on 30 December an emergency draft budget for the 2026 fiscal year, projecting 9% economic growth despite the ongoing conflict since 15 April 2023. The budget was endorsed during a session in Port Sudan, chaired by Prime Minister Kamil Idris, who described the plan as exceptional under the prevailing circumstances. The fiscal […]
Huge financial challenges lie ahead according to Finance Minister Slim Besbes with estimations pegged around 7 billion dinars. The country is struggling to stand on its feet and it is hoping to raise the amount through loans and aids. The economy and revenue earning ventures are suffering from the effects of the revolution and the […]
Libyan Prime Minister Abdul Hamid Mohammed Dbeibah launched Sunday the construction of South Oil Refinery, a new plant at Sharara, the country’s largest oil field. Dbeibah signed two decrees at the headquarters of the National Oil Corporation (NOC) in capital Tripoli, giving the country’s oil giant right to contract directly and to finance the implementation […]
