Sunday, September 24, 2023

Tag: Sudan

Sudanese offshore inks USD 200 mln investment deal

UK based Intrade Co. UK Ltd, an offshore company of Mahgoub Sons Group in Sudan, has entered into an agreement with the Ethiopian Investment Commission (EIC) to invest USD 200 million on three different projects.

Currency devaluation raises fuel price hike fears

The recent currency devaluation introduced by the National Bank of Ethiopia (NBE) is feared that it will lead to an increase in the price of petroleum products.

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Egypt requested the Tripartite National Committee (TNC), which includes Ethiopia and Sudan, to use the 1959 colonial water sharing agreement signed between Egypt and Sudan, as a springboard when an impact assessment is conducted.

​ Petroleum Enterprise to float fuel tender

The Ethiopian Petroleum Supply Enterprise (EPSE) will float an international open tender inviting companies to supply petroleum products to the country for the 2018 fiscal year.