Sudanese tighten belts as economic crisis grinds on


Purchasing power has significantly declined over the past six months, says a trader. — Reuters

Khartoum: As Sudan’s economic crisis drags on, grocer Hassan Omar keeps busy cleaning packaged food items that have been gathering dust for months as his dwindling customer base make fewer purchases.

“People can no longer afford to buy all their needs,” Omar, 43, told AFP at his grocery store in the capital Khartoum.

“Purchasing power has significantly declined over the past six months,” he said, noting that his sales had plummeted from 500,000 Sudanese pounds (US$877 or RM3,721) to 200,000 pounds (US$350 or RM1,485) per day over that period.

His plight reflects Sudan’s spiralling economic crisis which has forced many households to tighten their belts as nearly one third of the 45 million population face acute hunger.

Some 65% of the population live below the poverty line, according to a 2020 report by the United Nations. The country’s economic troubles stem from decades of government mismanagement, armed conflict and international sanctions. — AFP

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Sudan , crisis , households , purchasingpower , poverty , hunger

   

Next In Business News

Wall St set to open higher on tech boost, PCE data
US inflation rises in line with expectations in March
Gamuda Land announces retail partners for Gamuda Gardens
YNH reaffirms bondholders with remedied technical defaults
Ringgit ends firmer against US dollar
KPJ Healthcare partners with Trustr for AI-driven healthcare solutions
Homeritz stays positive amid economic challenges
Unisem expects performance boost amid semiconductor recovery
Gadang wins RM280mil data centre contract
S P Setia unveils Casaville single-storey bungalows in Setia EcoHill, Semenyih

Others Also Read