• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, August 26, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Sudan sees economic hope as Trump announces terror list removal

October 20, 2020
thevaultzby thevaultz
in Uncategorized
0
Sudan sees economic hope as Trump announces terror list removal

Image: Getty Images

US President, Donald Trump has announced in a tweet that an imminent breakthrough has been made after months of negotiations between the transitional Sudanese government and the US administration about a deal to remove Sudan from Washington’s list of state-sponsors of terrorism (SST).

“GREAT news!” US President Donald Trump declared on Twitter. “New government of Sudan, which is making great progress, agreed to pay $335 MILLION to U.S. terror victims and families. Once deposited, I will lift Sudan from the State Sponsors of Terrorism list. At long last, JUSTICE for the American people and BIG step for Sudan!”

The announcement was swiftly welcomed by Sudanese Prime Minister Abdalla Hamdok, whose government has been pushing for the delisting to help it revive Sudan’s struggling economy ever since taking office last year following the military overthrow of President Omar al-Bashir in the face of months-long protests.

“We very much look forward to your official notification to Congress rescinding the designation of Sudan as a state-sponsor of terrorism, which has cost Sudan too much,” Hamdok wrote, also on Twitter.

The US Congress would need to approve the removal after being formally notified by the president.

RelatedPosts

Rihanna’s Fenty Beauty Sponsors WNBA’s New York Liberty

High Commissioner Eyes Return of South African Retail Giants, Ambassadors to Face KPIs

UK Borrowing Costs Hit 27-Year High

sudan
Sudan’s Prime Minister in the transitional government, Abdalla Hamdok. Image: Reuters

The US placed Sudan on the list in 1993, four years after al-Bashir seized power, accusing his government of supporting “terrorism” by sheltering al-Qaeda leader, Osama bin Laden.

Washington further accused Khartoum of providing logistical and financial support to al-Qaeda and of helping it bomb the US embassies in Dar Es Salaam, Tanzania and Nairobi, Kenya in 1998 and to attack the USS Cole,a guided missile destroyer of the United States Navy, off the port of Aden in 2000. It also placed comprehensive economic and trade sanctions on Sudan which were only eased by former US President Barack Obama during his final weeks in office in 2017.

In return for being delisted, Sudan’s transitional government has agreed to pay $335m to victims of the attacks on the embassies and the US destroyer.

uss cole
This Handout file photo taken October 12, 2000 shows the port side of the guided missile destroyer USS Cole damaged after a suspected terrorist bomb exploded during a refueling operation in the port of Aden in Yemen. Image: US NAVY / AFP

The SST removal would pave the way for Sudan to be relieved of its debts under the International Monetary Fund and the World Bank’s Heavily Indebted Poor Countries (HIPC) Initiative, as well as to attract much-needed investment.

Being on the list has kept foreign investors away from Sudan, depriving it of much needed hard currency to sustain an economy that was dealt a heavy blow when South Sudan became independent in 2011, taking with it three-quarters of Sudan’s oil output.

With no foreign trade and starved of hard currency, authorities have long struggled to contain the country’s spiralling inflation. In September, annual inflation rose to 212.29 percent from 166.83 percent in August, according to the country’s Central Bureau of Statistics.

Meanwhile, the Sudanese pound has lost more than 50 percent of its value against the US dollar in the past two months, and the cash-strapped government is struggling to pay for the supplies of items it subsidises such as wheat, fuel and medicines.

In recent weeks, the talks between the Sudanese and US officials sides appeared deadlocked after reports emerged that the US had tried to have Sudan establish diplomatic ties with Israel in exchange for the delisting, following similar US-brokered deals in August by the United Arab Emirates and Bahrain.

In September, talks between the two sides in the UAE failed to produce a deal, with reports suggesting that Sudan had asked for oil and wheat shipments, as well as billions of dollars to aid its deteriorating economy in return for such a move.

Please login to join discussion
Previous Post

Rise in “unbanked” US families due to Covid-19

Next Post

Here at Fairvilla we are a diverse family who share a passion

[mc4wp_form id="1264"]

Related Posts

Rihanna’s Fenty Beauty Sponsors WNBA’s New York Liberty
Fashion

Rihanna’s Fenty Beauty Sponsors WNBA’s New York Liberty

August 26, 2025
Benjamin Quashie
General News

High Commissioner Eyes Return of South African Retail Giants, Ambassadors to Face KPIs

August 26, 2025
UK Borrowing Costs Hit 27-Year High
UK

UK Borrowing Costs Hit 27-Year High

August 26, 2025
Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation
USA

Trump’s Lawsuit Against Maryland Federal Court System Rejected

August 26, 2025
ACEP Calls for Bold Financing Models to Tackle Africa’s Energy Access Crisis 
Extractives/Energy

ACEP Calls for Bold Financing Models to Tackle Africa’s Energy Access Crisis 

August 26, 2025
ADB Honors National Best Farmer 2024 with GH¢1m Cash Prize
Agribusiness

ADB Honors National Best Farmer 2024 with GH¢1m Cash Prize

August 26, 2025
Rihanna’s Fenty Beauty Sponsors WNBA’s New York Liberty
Fashion

Rihanna’s Fenty Beauty Sponsors WNBA’s New York Liberty

by Esther Korantemaa OffeiAugust 26, 2025
Benjamin Quashie
General News

High Commissioner Eyes Return of South African Retail Giants, Ambassadors to Face KPIs

by Silas Kafui AssemAugust 26, 2025
UK Borrowing Costs Hit 27-Year High
UK

UK Borrowing Costs Hit 27-Year High

by Lawrence AnkutseAugust 26, 2025
Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation
USA

Trump’s Lawsuit Against Maryland Federal Court System Rejected

by Comfort AmpomaaAugust 26, 2025
ACEP Calls for Bold Financing Models to Tackle Africa’s Energy Access Crisis 
Extractives/Energy

ACEP Calls for Bold Financing Models to Tackle Africa’s Energy Access Crisis 

by Prince AgyapongAugust 26, 2025
ADB Honors National Best Farmer 2024 with GH¢1m Cash Prize
Agribusiness

ADB Honors National Best Farmer 2024 with GH¢1m Cash Prize

by Stephen M.CAugust 26, 2025
Rihanna’s Fenty Beauty Sponsors WNBA’s New York Liberty
Benjamin Quashie
UK Borrowing Costs Hit 27-Year High
Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation
ACEP Calls for Bold Financing Models to Tackle Africa’s Energy Access Crisis 
ADB Honors National Best Farmer 2024 with GH¢1m Cash Prize
[/vc_row_inner]

Recent News

  • Rihanna’s Fenty Beauty Sponsors WNBA’s New York Liberty
  • High Commissioner Eyes Return of South African Retail Giants, Ambassadors to Face KPIs
  • UK Borrowing Costs Hit 27-Year High
  • Trump’s Lawsuit Against Maryland Federal Court System Rejected
  • ACEP Calls for Bold Financing Models to Tackle Africa’s Energy Access Crisis 
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.