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Sudan to Privatize Army Firms, Says Gulf Aid Talks Ongoing

  • North African nation wants investors to develop Red Sea ports
  • Finance minister comments as army leaders prepare for talks
Gibril Ibrahim
Gibril IbrahimPhotographer: Ashraf Shazly/AFP/Getty Images

Sudan is pressing ahead with plans to privatize companies owned by the military and is in talks with Middle East nations to help finance its cash-strapped economy, according to Finance Minister Gibril Ibrahim.

The government is still on track to shut many of the country’s 650 state-owned companies and privatize others, despite a military coup in October that derailed its democratic transition, he said in an interview. That would keep to a series of proposed reforms suggested after a popular uprising ousted Omar al-Bashir in 2019.