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- The UN World Food Programme (WFP) in Sudan has received a $100 million contribution from the World Bank to assist with critical emergency cash and food sustenance in Sudan
- The Sudan Emergency Safety Nets Project aims to provide cash transfers and food for over two million people across the impoverished and crisis-wracked nation
- The country’s economic and political crisis has grown more intense due to rising inflation, conflict and displacement
The UN World Food Programme (WFP) in Sudan has received a $100 million contribution from the World Bank to assist with critical emergency cash and food sustenance in Sudan.
In the first-ever direct contribution between the two UN agencies in the country, the Sudan Emergency Safety Nets Project aims to provide cash transfers and food for more than two million people across the impoverished and crisis-wracked nation, including those internally displaced.
“WFP is extremely grateful to the World Bank for …
- Agriculture is contributes 23 percent of African GDP, Mckinsey 2019
- At least 43.8 percent of people are employed in the agriculture sector
- Only 5-6 percent of arable land in Africa is irrigated
Agriculture in Africa has not only an economic value but a cultural significance. It is time to transform the economy and lives of African farmers. Africa is home to nearly 60 percent of the world’s arable land. Over the past decade, African agriculture has faced a number of shocks which beg for technological transformation. Farming in Africa contributes greatly to the welfare of most rural-based populations.
Despite the standing potential, productivity in Africa is lagging; hence, the role of modern technology stands to draw billions into it.Africa imports some food items abroad, such as wheat from war-entangled nations Ukraine and Russia, causing severe food insecurity issues for financially constrained nations such as Sudan.
Agriculture is not only the…
The food security situation is critical and demands international attention–which is lagging. According to Africa News, at least 400,000 tonnes of wheat won’t be sent to Sudan by the USA as promised in 2022.
The devastating impacts of civil conflicts, insecurity, drought have crippled Sudan’s food systems. The latter is responsible for displacing at least 1.9 million people across Sudan (UN).
The recent situation report by Reliefweb on Sudan food security reinforces the current trend of concern.
According to the report, displacement scenarios observed due to political instability affect agricultural operations significantly impacts cereal and non-cereal food prices.…
For survival, businesses need to guard against the negative effect of the elections by geographically diversifying their revenue streams. Revenue streams from different sources could help balance fluctuations.
While not all businesses are able to this, there is the need to come up with plans to cushion their businesses.
In order to plan effectively, it is critical to first assess the threat at hand. Some firms, such as those that provide critical goods and services, may be less adversely affected than others. A company's sales may actually grow during election time especially for those working in the printing sector since they can produce campaign materials like posters and t-shirts.…
- The costs for South Sudan conflicts could reach a staggering range of between $22 billion and $28 billion over the next five years.
- The cost of war shockingly overpowers the new nation’s 2021/2022 fiscal budget of around $2 billion.
- Poverty is ravaging South Sudan. South Sudanese people lack basic essential services, poor housing, land and property issues limit people returning home in large numbers
Numbers have been a better tool in analysing a very complex scenario, and in this case, South Sudan conflicts put it at a disadvantage economically.
According to a 2015 Oxfam report, depending on the intensity of the conflict, the costs for South Sudan conflicts could reach a staggering range of between $22 billion and $28 billion over the next five years.
The cost of war shockingly overpowers the new nation’s 2021/2022 fiscal budget of around $2 billion. These numbers show how wars suck the life out …
In 1991, Ethiopia was among the poorest in the world having endured a devastating famine and civil war in the 1980s and by 2020 it was one of the fastest-growing economies in the world averaging 9.9 per cent of broad-based growth per year.
The GERD will help secure the future water supply not only in the Nile Basin but in the entire region, thereby curbing the occurrence of severe drought and famine.
The flow of the River Nile has been nothing but winding, peacefully meandering its way downstream, oblivious of the decade-old tension that besieges its much-needed waters.
Egypt, Sudan and Ethiopia are neighbours that have been embroiled in a row over the construction of the Grand Ethiopian Renaissance Dam (GERD) by Ethiopia on the Blue Nile causing a diplomatic standoff among the countries.
Being the longest river in Africa, the Nile bears paramount significance across several African nations that …
In June, the Voice of America reported that a bomb had gone off at a market in Tigray at about 1 pm, right when the market would be at its busiest time. At least 43 people were killed and dozens of others wounded.
This was June 22, a day after Ethiopia held its sixth national elections and a fortnight from the commencement of the second filling of the GERD.
Will fighting in Tigray deter Ethiopia’s GERD plans?…
Ethiopia plans to go ahead with it scheduled second filling of its embattled Grand Ethiopian Renaissance Dam (GERD). When complete, the GERD will be the largest in Africa and have the capacity to produce in excess of 6,000 MW per day.
As expected, Egypt, the historic colonial-era custodian, will not have it and along with Sudan, has called for intervention by the African Union (AU) as well as international bodies and the UN Security Council citing security reasons.
Egypt and Sudan want the UN Security Council to intervene in the GERD owing to what the Sudanese government describes as ‘its impact on the safety and security of millions of people.’
They are of the view that Ethiopia is acting of its own accord and in total disregard of the danger, its actions pose to regional stability. As such, Sudan wrote to the UN Security Council and Egypt has joined the …
Also of significance is the February 2019 deal that saw US$300 million set aside for a 10-year plan to develop Port Sudan’s facilities, while a new Chinese-built seaport for shipping livestock in Haidob, south of Port Sudan, is nearing completion.
The Chinese-built port for shipping livestock from Sudan’s Red Sea coast is a component of Beijing’s Belt and Road Initiative and is primed to help transport camels, cattle and sheep targeted for the Asian markets.…
The Boards of Directors of the African Development Bank (www.AfDB.org) Group on Friday approved a proposal for the clearance of about $413 million in arrears on loans owed by Sudan to the institution, marking a major milestone in the country’s re-engagement with international financial institutions and the global economy.
The proposal enables the Bank to proceed with clearing Sudan’s arrears with the African Development Bank Group, with the support of the United Kingdom and Sweden. The U.K will provide bridge financing to clear Sudan’s arrears to the African Development Fund, while Sweden has committed to providing grant financing of about $4.2 million to meet Sudan’s burden-share for the operation.
Upon full clearance of the arrears to the Bank group, sanctions on Sudan will be lifted and a Policy-Based Operation (PBO) will be provided to the country as part of the Bank’s full re-engagement, to complement on-going Bank operations.
Clearing of …