Editor’s Note: April 12, 2019
For Sudan the hard work starts now
After 10,878 days in power Sudan’s president Omar al-Bashir was removed from office and detained by the military on Thursday – the culmination of months of unprecedented protests against his rule.
His removal raises the possibility of meaningful change in the country for the first time in 30 years, but there is little room for complacency.
With Bashir’s exit comes renewed uncertainty. The military council that has replaced him is already facing pressure for a transition to civilian rule.
What’s certain is that Sudan must act swiftly.
After years of international isolation and sanctions, and the loss of much of its oil wealth to South Sudan in 2011, the economy is in tatters.
Things have come to a head in the last year, with soaring inflation and an acute foreign currency shortage pushing the country to the brink.
It was Bashir’s failure to tackle this economic crisis that proved to be his undoing. The protests that toppled him started in December, sparked by a hike in bread prices.
Bashir may be out of the picture, but the economic hardship that drove the country’s people onto the streets remains.
With an uncertain political transition ahead, the task of fixing the economy could become even trickier.
The hard work is only beginning.
From The Continent
Tanzania has agreed terms for the release of five executives with the local unit of South African mobile operator Vodacom, including its managing director, a week after they were arrested and charged with economic crimes. The state had accused the company of costing it millions of dollars in lost revenue. More: Reuters
The World Bank has estimated that the economic impact of cyclone Idai could cost Mozambique as much as $773m, or 5% of its GDP. The storm has left at least 847 people dead across southern Africa. More: Africanews
The Daily Stat
The amount a no-deal Brexit could cost African economies in export losses, according to figures from the UN. More: Bloomberg
The Global Perspective
Zimbabwe and the IMF have reached an agreement on an economic reform plan that could pave the way for the country to re-engage with international lenders. Crisis-hit Zimbabwe has not been able to borrow internationally since 1999, and currently has arrears of around $2.2bn with donors. More: Reuters
Egypt has reportedly pulled out of a U.S. led effort to build an “Arab NATO” to counter Iran.The move by Cairo, a close Washington ally, is seen as a blow to the Trump administration’s efforts to contain Iran’s influence. More: Reuters