Editor’s Note: June 04, 2019

Back to the drawing board for Sudan

Sudan’s Transitional Military Council (TMC) on Tuesday scrapped a tentative transition deal with opposition groups, following the ousting of longtime president Omar al-Bashir in April, calling for elections to be held within nine months.

This comes after a deadly crackdown on protesters in the capital Khartoum on Monday, reportedly leaving up to 35 people dead, drawing international condemnation.

What looks like a sudden deterioration in relations is likely a bid to retain power. Weeks of negotiations had failed to resolve disagreement whether a transition would be led by civilians or the military.

Monday’s crackdown also comes after high profile visits by TMC head general Abdel Fattah al-Burhan to Egypt, UAE and Saudi Arabia. All three have publicly expressed support for the military.

Forgotten in all of this is Sudan’s crumbling economy, the catalyst for the mass protests that led to Bashir’s removal. Years of mismanagement have contributed to soaring inflation (45.4% in May) and an acute currency shortage that have brought the country to a standstill.

With months of political uncertainty and turmoil likely to come, meaningful action to stabilize the economy is at best unlikely.

After today’s announcement and Monday’s deadly violence, Sudan has basically gone back to the drawing board.

From The Continent

Zambia, Africa’s second-biggest copper producer, has started electricity rationing for non-mining businesses to help manage a daily deficit of around 273MW. The move is expected to hurt industrial production amid an already precarious economic outlook. More: Reuters


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The Daily Stat

30

The number of military personnel Russia plans to contribute to a United Nations mission in Central African Republic. More: Reuters

The Global Perspective

Oil major Eni on Monday announced its fifth offshore oil discovery in Angola in the last 12 months. The flurry of discoveries is good news for Africa’s second-biggest oil producer, which has seen output decline in recent years due to ageing fields and a lack of investment. More: World Oil

Indian mobile operator Bharti Airtel expects to raise at least $750m through a planned IPO and listing of its Africa business on the London Stock Exchange slated for this month. The company is reportedly also considering listing its shares on the Nigerian Stock Exchange. More: Livemint

The Daily Follow