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Tuesday, 03 August 2021

Sudanese military company to give up its civilian operations

The company hosted Prime Minister Abdalla Hamdok and other ministers on Wednesday in a rare invitation to civilians to tour its facilities

Reuters , Wednesday 17 Mar 2021
Abdalla Hamdok
FILE PHOTO Sudan's new Prime Minister in the transitional government Abdalla Hamdok, speaks during a Reuters interview in Khartoum, Sudan August 24, 2019 REUTERS
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One of Sudan's biggest military firms has agreed to gradually hand over its civilian operations to the finance ministry, with the goal of eventually converting it to a public shareholding company, the information minister said on Wednesday.

If completed, the spin-off of Defense Industrial Systems' civilian business could help reduce tension between the transitional authority's civilian and military elements, which are sharing power until the end of 2023.

"This is a new partnership between the military and civilian components that produced the great December revolution," said Information Minister Hamza Balol, in a reference to the ousting of former President Omar al-Bashir, at a news conference at the company's manufacturing complex on the outskirts of Khartoum.

The company hosted Prime Minister Abdalla Hamdok and other ministers on Wednesday in a rare invitation to civilians to tour its facilities.

Months of protests led to the ouster of longtime ruler Omar Al-Bashir in April 2019. A transitional process has resulted in a power-sharing deal between Sudan's army and civilians. 

Since then, the economy has weakened, with the government suffering from chronically low revenue.

The company has yet to release its finances or disclose its holdings to the public.

"The Sudanese public will now be able to benefit from this company," said Finance Minister Jibril Ibrahim, citing its work in the petroleum, railway and agricultural industries.

"It is important for the company to explain to the people what it does and what it owns and what it hopes to achieve."

*This story was edited by Ahram Online. 

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