Sunday, April 8, 2018

U.S. Sanctions Eased, Sudan Rises in E-commerce

Today the young entrepreneurs in Sudan are in a hope to open up new business opportunities in e-commerce. Since the U.S. sanctions on trade and finance mostly ended due to the efforts Sudan has put towards sponsoring the terrorism, Sudan has been facing major problems in establishing trade equipments such as cash dependence, delivery services, motivations for online shopping, and so forth.  

The United States imposed sanctions on Sudan in 1997 primarily for the restriction on a violation of human rights, and the country situated between the Sahara and the Middle East has been isolated from the world economies and become very dependent on its oil revenue––accounted for more than half of Sudan's government revenue. El Tiny, a CEO of Sudan's United Capital Bank states "[s]anctions have kept us cut (off), not in touch with the world, (which) has meant we have not been able to have access or direct access to the advanced technologies offered." This changed in October 2017 when the U.S. government officially decided to ease trade embargo that gave Sudan access to frozen assets and foreign products. Since then, the e-commerce businesses in Sudan have grown drastically such as Uber-like industry as the number of people with access to the Internet has risen by 20% within a decade. 

Reiji Hirose

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