Financial and Banking News
Sudan Merges Seven Banks into Three
The Sudanese Government has ordered seven local banks to merge into threebanking groups, as part of moves to eliminate loss-making public sectorentities. Unity Bank, the National Export Import Bank and Bank of Khartoum willform the Khartoum Bank Group, which will be led by Mr. Sabir Muhammad Hasan, whois currently the General Manager of Bank of Khartoum. Industrial DevelopmentBank and...