SUDAN WATCH: Kiva: Loans that change lives - Sudan becomes attractive for Arab investments

Monday, February 20, 2006

Kiva: Loans that change lives - Sudan becomes attractive for Arab investments

Kiva website states it provides a new, sponsor a business option for individuals to connect with small enterprises in developing countries through flexible loans and invites readers to become a lender to a small business in Africa and be reimbursed for the loan.

Sounds like a good initiative. Not sure how it all works. According to the website, Kiva is experiencing a huge outpouring of support and cannot list businesses fast enough. Excerpt:
"Latest journal from Peace Poultry Tororo, Uganda , January 3, 2006: This business has received loan money worth $300. The money has already been put in business to increase the stock."
Source: Trey's blog.
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Sudan becomes attractive for Arab investments

A Sudanese official has said holding meetings of the Arab Union for Engineering Industries for the first time in Sudan is an indication that Sudan has become an attractive area for Arab investments.

The official affirmed desire of the union for increasing of trade exchange between Sudan and the Arab states - and urged activation of Arab free trade agreement and COMESA agreement.

Full article (SUNA/ST) Feb 19, 2006.

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