Last updated on September 11th, 2021 at 02:50 pm
Sudan’s inflation rate has risen further to 99% in April due to rising food prices, the Sudanese Central Bureau of Statistics announced on Saturday. This rate had already risen to 82% the previous month, over one year.
But rising prices for grains, meat, milk and bread have further increased inflation. Despite the political transition in Sudan, which raised hopes for reform following the overthrow of President Omar al-Bashir in April 2019, the country’s economy remains in the grip of a deep crisis.
Rising inflation, the scarcity of foreign currencies and the huge public debt are among the most pressing challenges in the country.
Last month, the Sudanese authorities decided to increase the price of bread: a Sudanese pound (about 2 US cents) can only buy a 50 gram loaf, compared to a 70 gram loaf previously.
The tripling of the price of bread was the trigger for the first street demonstrations against Omar al-Bashr in December 2018. The mass demonstrations had continued for months before the army deposed the president in April after a 30 year reign.
A team of 80 security agents tasked with protecting the electricity grid was ambushed onMonday in Shiroro, Niger State, by…
Cryptocurrency becomes the new thing in Africa. People shift for stable alternatives aftertheir unstable local currencies. Many people believe Donald…
UAE has also distributed 30,000 food baskets to Sudanese refugees in Kiryandongo refugeecamp Uganda to benefit nearly 100,000 affected people.Aid…
The trade volume between Türkiye and 54 African countries has grown sevenfold, reaching $37 billion from 2003 to 2023, Yılmaz…
The final round of the 2025 Africa Cup of Nations qualifying matches was held this week with Tanzania, Botswana and…
'Masterpieces' Lucas Moripe passed away at his Atteridgeville home on Tuesday at his senior year of 71. His style of…
This website uses cookies.