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

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Sudan , crisis , households , purchasingpower , poverty , hunger

   

Next In Business News

Economy on stable footing
Hibiscus eyes aggressive growth
Cost of funds rising?
An end to monopolies
Acfin starts work on focus areas mandated by PM
Favourable prospects
Elon Musk wants to pause AI? It’s too late
Crypto gets red carpet in Paris and red flags
Swiss bankers forgot they’re meant to be boring
CEOs build resilience amid challenges

Others Also Read