Leading Sudanese Companies
Amana Trading Company limited is one of the leading sudanese companies. This company has been around since 1977, when it was known as Amana Trading Interprises. The managing director and owner is Ahmed Osman Elhag. Today, the company operates in various sectors and continues to grow. The company also has a strong emphasis on ethical values and high standards. Here, you can learn about its operations.
Sudan is located at the crossroads of the Middle East and Sub-Saharan Africa, stretching across the Red Sea. It shares borders with seven countries – Egypt, Libya, Chad, Central African Republic, South Sudan, and Eritrea to the east. The oil-rich country’s rapid development has come under scrutiny recently after the secession of South Sudan, which contains over 80 percent of Sudan’s oilfields.
The Haggar Group is a group of companies with a diverse portfolio of businesses. It is a leading player in the vital sectors of the country, and has diversified into several sectors over the past decade. Its subsidiary Iwatoka is involved in a variety of projects in Sudan. Another company, Dolphin (2013), provides satellite services and carriers to Sudan. Moreover, the Haggar Group acquired the Coldair Engineering company in 2000.
Amana Trading Company Limited is One of the Leading Sudanese Companies
While the Biden administration is now working to restore civilian rule in Sudan, there are still concerns that U.S. companies may be involved in human rights violations and other actors preventing the country from achieving a democratic transition. However, U.S. companies should refrain from doing business with military-controlled and state-owned companies in Sudan. They should also avoid doing business with individuals and businesses who are part of the Special Designated Nationals (SDNs) list of U.S. government.
Despite the challenges of Sudan’s economic transition, the government continues to signal its intent to implement market-based economic reforms. It plans to dismantle government-controlled monopolies, curtail popular fuel and food subsidies, and limit the influence of powerful trading combines. Though these changes might cause short-term unrest, they should ultimately lead to a more open economy. If you’re interested in setting up a business in Sudan, read the following article.
The private sector in Sudan is playing a vital role in economic development in many African countries. In fact, Sudan’s private sector is the fourth largest foreign investor in Ethiopia. It also accounts for 2.4 billion dollars in trade with other African countries. A press release on the event was signed by the Sudanese Ambassador to Ghana. This trade fair will help Ghana’s development initiatives. It is a significant step towards enhancing the relationship between the two countries.