After Decades in the Dark, Sudan May Soon Be Open for Business
MIN READMay 20, 2019 | 10:00 GMT
Following 30 years of iron-fisted rule by now-deposed president Omar al Bashir, a transition to a civilian-led government could eventually prompt the United States to take Sudan off its terrorism list, which has long constrained investment in the East African country.
(ASHRAF SHAZLY/AFP/Getty Images)
Following President Omar al Bashir's ousting, a transitional civil-military council has brought hope for the many Sudanese who've suffered from the country's deteriorating economy and global isolation over the past 30 years. While negotiations over what the country's transitional government will look like have been rife with debate, there are now signs Khartoum could be inching toward a civilian-led government. Such fundamental political change could eventually prompt the United States to take Sudan off its terrorism list, which could allow the country to capitalize more on its strategic advantages -- including its fertile land, location on the Red Sea and large population -- by lifting a key longtime hurdle for business engagement. Indeed, if done right, the long-abandoned nation has the potential to be Africa's next economic success story -- representing a new zone of untapped opportunity for adventurous investors and businesses alike. But much of that prosperity will depend...