Sudan banking sector attracts one billion USD two last year
April 7, 2008 (KHARTOUM) — The foreign investment in Sudanese banking sector during the two past years approached one billion dollars a matter that led to increase of banks’ paid-up capitals all together to 4,564 million Sudanese pounds.
President Omer al-Bashir delivered on Monday the State of the Republic address before the Sixth joint session of the National Legislature, the National Assembly and the Council of States. He told the lawmakers that implementation of investment projects in the country is increasing continuously.
Al-Bashir pointed out that the approved total investments in Khartoum State alone reached 1246 projects in various sectors, 736 of them in the industrial sector, 478 in economic services sector and 32 projects in the agricultural sector.
The Sudanese president went on to say that due to the economic liberalization policy and to the private sector’s response to the economic policies the economic growth rate maintained a positive growth, affirming that it increased to more 10.5% by the end of the last year.
He added that inflation was controlled in the targeted rate during that period where it was 8.1% and the dollar exchange rate against the pound continued decreasing to reach about two pounds after it was about 2.6 pounds in early 2007.
(ST)