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To contribute effectively to the financing of microfinance projects at the grassroots level, the CBOS has signed microfinance contracts with 15 microfinance institutions from the first installment with 50% of the loan of the Arab Fund for Economic and Social Development (AFESD) of a total $ 50 million used mostly for funding microfinance projects. This loan will be used in the rural projects that contribute to combat poverty among the economically active poor classes.The first phase will fund small and micro projects through 4 microfinance institutions providing funds for customers in the localities of Khartoum State and 11 other state institutions that provide finance for microfinance customers in most of the other States of the Sudan.

The President of the Republic of Suan, Field Marshal Omer Al-Bashir agreed to sell al-Neilain Bank to expatriates, confirming the state's interest and keenness to provide all facilities for expatriates to employ their money inside the country in support of the national economy. Al-Bashir noted that the economic situation in the country is moving to the better, despite all the talk about the large external migration. He said that gold native mining and extensive migration from African and Asian countries to Sudan, demonstrate that there is an economic activity in a way to improve the situation, hoping that expatriates will pay attention to investing their money in Sudan to support the economy. Al-Bashir said that the state supports livestock development by focusing on the export of meat rather than the export of live cattle, by building a modern slaughterhouse in this regard to take full advantage of the slaughtered animals.

President of the Republic, Field Marshal Omer Al Bashir inaugurated Tuesday evening the Riyadh Centre of Faisal Islamic Bank in Khartoum. It includes the Electronic Branch, Banking Branch and Faisal Cultural Centre and is located in the Riyadh neighborhood of Khartoum. A speaker at the ceremony pledged going ahead with enhancing the work of the Bank to contribute to sustaining Sudan's economic growth through using modern technologies in transactions. Besides, the President of the Republic and the Governor of Khartoum State were honoured during the ceremony.

In Sudan, the convening of the 5th Islamic Financial Industry Forum is going to take place during the period April 25-26 under the theme "Role of Islamic financial institutions in funding economic development projects.” Many international and Islamic financial institutions have been invited to attend the forum, including Islamic Development Bank, Saudi Development Fund, Abu Dubai Development Fund, Islamic Corporation for the Development of the Private Sector, Islamic Solidarity Fund for Development among others. Delegations representing the Oman Sultanate, Yemen, Egypt, Libya, Mauritania, Saudi Arabia and Bahrain are expected to take part in this annual event which is organised by the Khartoum-based Bayan Centre for Islamic Financial Engineering.