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Is Khartoum Ready for Solar Energy?

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Is Khartoum Ready for Solar Energy? Monthly Business Magazine Sudan April 2021 Business HISTORY IN THE MAKING: UMM DUKHN FIRST SUDANESE FEMALES FREE ZONE IN STATIONED AT OILFIELD DARFUR, A ROUTE CAMPS TO PORT SUDAN FOR WEST AFRICAN SUDAN HAS THE ECONOMIES CHEAPEST MOBILE DATA IN AFRICA SUDAN - US INVESTMENT FORUM SHOWCASES OPPORTUNITIES OREEED IS READY FOR E-COMMMERCE SCHLUMBERGER AND NATIONAL UPSTREAM SOLUTIONS SIGN MOU TECHNICAL ANALYSIS: ASSESSMENT OF SOLAR ENERGY OTHER POTENTIAL IN KHARTOUM FETATURES GOVERNMENT TO INCORPORATE BLOCKCHAIN IN DIGITAL TRANSFORMATION STRATEGY Sudan Business Magazine April 2021 www.sudanbusinessmagazine.com Editor [email protected] Advertising [email protected] DISCLAIMER Sudan Business Magazine, publishes news, information, analysis, opinion, and commentary. The magazine includes both reported and edited content and unmoderated posts and comments containing personal opinions on a wide range of topics. Sudan Business Magazine does not routinely moderate, screens, or edits content contributed by readers. The content and any information therein are provided without warranty of any kind, including the implied warranties of merchantability, fitness for use of a particular purpose, accuracy, or noninfringement. 2 Contents 5 Abu Dhabi listed Sudatel offers Elmerikh football club on a 5 an option for risk-on investors 21 spending spree hires former Newcastle midfielder as coach & plans for football academy Sudan Permits Non-Islamic 6 Banking as It Rebuilds Global Ties Technical Analysis Spatial 22 assessment of Solar Energy potential in Khartoum Sudan to Receive $400 Million 7 from Saudi Arabia, UAE for US investment forum sponsored Agriculture, State Media Says 28 by Trade and Development Bank, The Boeing Company, Lindsay Sudan has the Cheapest and Visa Inc. 8 Mobile Data in Africa, Kenya and S/Africa Have the Most Expensive UNAMID premises handed over to 31 University of Zalingei Umm Dukhn Free Zone in Darfur, a route to Port Sudan for 10 Schlumberger and National West African economies 32 Upstream Solutions (NUS) sign a strategic collaboration MOU Saudi Arabia’s Alba Nova signs 10 agreement between to promote Leadership and self-managing livestock and meat exports 34 Manage yourself by managing your mid-career opportunities Sudanese-Spanish cooperation on 11 water use and flood risk History in the making: First 35 Sudanese females stationed Legal opinion avoiding at oilfield camps 12 corporate failures in sudan Dr. AbdelGadir Warsama Ghalib Accelerate2030 launches in Corporate Legal Counsel 36 Sudan to scale entrepreneurial solutions for the Sustainable INTERVIEW Development Goals 14 Mohamed Badreldin Mahgoub General Manager at oreeed Egypt & Sudan Airways 17 sign MoU to boost ties Sudanese government to 18 incorporate Blockchain in Digital transformation strategy Subscribe Sudan business magazine is Sudan’s premier business monthly for business development executives, entrepreneurs, decision-makers, and corporate leaders. Monthly Business Magazine Sudan Febuary 2021 Business UAE CONTINUES TO SUPPORT SUDAN WORLD BANK GROUP COUNTRY MAHGOUB SONS MANAGER VISITS GROUP 249STARTUPS PARTICIPATE AT GULFOOD 2021 OPENING OF THE SECOND FIFA GUM ARABIC PRESIDENT MANUFACTURING IN VISITS SUDAN NYALA Elbarbary Medical Q&A WITH RANDA ELBARBARY ABOUT HEALTHCARE IN SUDAN SUDAN BUSINESS MAGAZINE 1 Monthly Business Magazine Sudan March 2021 PRIME MINISTER Business PORT SUDAN REVIEW: HAMDOK RECEIVES A STRATEGIC REVENUE STREAM VISA CARD SUDAN AIRWAYS A NEW CHAPTER BEGINS ERICSSON IN SUDAN USS WINSTON VICTOR LINDBERG SHARES S. CHURCHILL AN INSIGHT ON INFORMATION DOCKS IN AND COMMUNICATIONS PORT-SUDAN TECHNOLOGY IN SUDAN SUDAN PREPARING FOR GLOBAL OIL & GAS EXPLORATION OTHER ROUND WITH 26 BLOCKS FETATURES SUDAN RECEIVES 800,000 COVID-19 VACCINES $50 $100 Per Year Per Year 1-YEAR DIGITAL SUBSCRIPTION 1-YEAR DIGITAL & PRINT SUBSCRIPTION Latest Business News Latest Business News Access past magazine editions Printed magazine delivered to your address Access past magzine editions (digital) 4 SUDAN BUSINESS MAGAZINE Abu Dhabi listed Sudatel offers an option for risk- on investors udatel Telecommunications Group Ltd. has a Dh506 million market capitalization Son Abu Dhabi Exchange. It is an appealing way for investors to get exposure to West Africa. The firm, majority-owned by a Sudanese government entity, is certainly not for the risk-averse due to the conflict-ridden history and political risks in this region. Nevertheless, some developments offer a lot of hope for the discerning investor. Sudan, the biggest market of Sudatel, was Source:gulfnews.com removed from the State Sponsors of Terrorism list after nearly three (International Development submarine cable to east Africa, decades by the US in December. Association) grants for poverty extending from Port Sudan to This decision will help Sudanese reduction and sustainable Cape Town, and has a 50 per cent businesses access Western economic recovery. IDA is the stake in SAS1 and SAS2, which are markets and connect the country’s World Bank’s programme for the massive projects for transmission banks with the global financial poorest countries. It will also get linkage between Port Sudan and system. external debt relief under the Jeddah. Recently Sudatel Group Heavily Indebted Poor Country secured a 4G license in Senegal (HIPC) Initiative. which should boost its business Clear all debts significantly. The favourable macroeconomic Sudan’s transition government trends portend good times for Despite the pandemic, company also removed large fuel subsidies Sudatel, and it seems the worst is revenues rose to $277 million and implemented a unified over. The company runs a telecom in 2020 from $256 million. Net market-clearing exchange as a business in five African countries operating profit increased by part of broader market reforms. - Sudan, Mauritania, Senegal, almost 40 per cent to $43.76 Thanks to a $1.15 billion bridge Guinea Conakry and Ghana, million, while net profit jumped 93 loan from the US government, offering mobile, fixed, internet and per cent to $15.40 million. Sudatel Sudan has cleared its debts with broadband services. seems to be on the right track the World Bank after nearly three and is suited for the investor who decades, making it eligible for an understands risks. international debt-relief package. Well covered Chinguitel is its brand in The settlement of debt paves Mauritiana, and Expresso Senegal the way for the country to is its Senegal Group company. access almost $2 billion in IDA Sudatel owns 13 per cent of the SUDAN BUSINESS MAGAZINE 5 Sudanese authorities approved laws to permit non-Islamic banking as the African country seeks to Sudan reintegrate with the global economy. The changes will allow for a dual system of both Permits Islamic and non-Islamic banking, the Sovereign Transitional Council, part of the administration ruling Sudan since dictator Omar al-Bashir was ousted in Non-Islamic 2019, said in a statement. Sudan is currently battling an economic crisis that Banking as drove inflation to over 340% last month. While Sudan’s banking system was Islamicized in the 1990s, the country briefly saw a parallel non- Islamic system in operation in the mainly Christian It Rebuilds and animist south as part of a 2005 peace deal. That ended with the secession of South Sudan in 2011. Global Ties The announcement came a day after Sudan’s justice minister said the country had abolished a law mandating a boycott of Israel that dated from 1958, the latest step in building economic and diplomatic relations with the Middle Eastern state. The cabinet recently approved its repeal. Source: Bloomberg.com 6 SUDAN BUSINESS MAGAZINE Sudan to Receive $400 Million from Saudi Arabia, UAE for Agriculture, State Media Says udan will receive $400 million to a $1.5 billion grant it had first announced from Saudi Arabia and the in April 2019. United Arab Emirates to fund agricultural production inputs Saudi Arabia and the UAE had jointly for this year’s summer and promised $3 billion in aid to Sudan, and winter seasons, the state- Sudanese officials previously indicated that news agency SUNA said. $750 million of that aid had been delivered, including a $500 million deposit in the SSaudi Arabia has committed to contributing central bank. $3 billion in a joint fund for investments in Sudan, and to encouraging other parties to Prime Minister Abdalla Hamdok “affirmed participate, Sudanese minister of Cabinet Sudan’s keenness to activate all what was affairs Khalid Omer Yousif told Reuters agreed upon with the Kingdom of Saudi Sin March. Arabia,” the Cabinet said in a statement after his meeting with the Saudi ambassador Earlier in March, Sudan also said it had in Khartoum. secured a recommitment from Saudi Arabia SUDAN BUSINESS MAGAZINE 7 Sudan has the Cheapest Mobile Data in Africa, Kenya and S/Africa Have the Most Expensive Source: technext.ng Sudan has the Cheapest Mobile Data in Africa, Kenya and S/Africa Have the Most Expensive udan, with a total population of about 45 million, offers the cheapest data plans in Africa. The Worldwide Mobile Data Pricing 2021 by Cable.co.uk ranks Sudan above 53 other African countries Slisted in the report on data costs worldwide. The study features over 230 countries across 12 regions, estimating the average cost of one gigabyte (1GB) compared from over 6,000 mobile data plans. 8 SUDAN BUSINESS MAGAZINE Africa’s Cheapest Data Sudan leads Africa in terms of mobile data Kenya’s $193.54 and affordability with 1gb of data costing an average of $0.27. Due to a dearth of fixed broadband South Africa’s $205.9 infrastructure, Sudan relies heavily on mobile data are two of the highest as the primary means of internet connectivity. minimum wages in Africa, Nigerians consume over 80 million gigabytes of data per month proving that residents have relatively greater purchasing power For context, of Sudan’s compared to several 13.12 million internet other countries on the subscriptions, only continent. 31,218 were fixed broadband subscriptions South Africa has achieved 3G and 4G penetration levels of 99.7% and 92.8% respectively, while Kenya’s in 2019, according to Safaricom 3G and 4G networks cover 94% and the World Bank.
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