05 Dec Sudan relieved of sanctions, interest US investors attracted by ICT sector
From 4 to 7 December 2017, a delegation of American businessmen visit Sudan in search of investment opportunities in various key sectors. ICT and telecommunications are at the top of the list. During this prospecting mission organized by the Corporate Council on Africa (CCA) and the Sudanese telecommunications group Sudatel, with the support of the local government, high-level meetings are planned with local business leaders and members of the government. . An economic forum should also be organized at Sudatel premises.
Florizelle Liser (photo), CCA President and CEO, noted that through this prospecting visit, the trade association aims to strengthen business relations between the United States and Africa. wants to foster partnerships, develop investment opportunities and strengthen bilateral relations between Sudan and the United States.
The great interest for Sudan, comes after the significant change in US policy. On October 12, 2017, the United States officially revoked the long-standing economic sanctions against Sudan. This decision has, in fact, opened the door for American companies to do business in Sudan. Florizelle Liser pointed out that “Sudan presents unexplored opportunities for investors and the government is eager to welcome US companies.”
According to the African Development Bank, Sudan’s economy grew by 3.4 percent in 2017 and is expected to grow by 3.6 percent in 2018 following the lifting of sanctions.
Source: Agence Ecofin